Is Intel Crashing and Burning? Q4 Expectations Fell 20%; Well Below Previous Guidance January 7, 2009Posted by John in Technology.
Tags: Andy Grove, Intel
I love Intel as a company and have been using their products for all of my digital life, but I have to say that I noticed a big change in the company over the past few years – it’s got this sinking feeling. Now Erik Savitz is reporting that Q4 Earnings are not great and below guidance (translation Intel missed their numbers). 2008 has been a bad year for business all around and Intel is no exception.
Intel has been slowly laying off employees and cutting back on almost all expenses especially marketing. We’ll see how much impact Intel has at CES. It would be a shame if Intel continues to sputter because it certainly will leave a crack in the door for AMD and others to get back into the leadership position.
I miss the old Intel. Maybe Andy Grove can come back and give a pep talk to management.