Intel sees projected revenue in soft Q1

The quarter was more about business and infrastructure happenings than sales and profit.

April 26, 2024

Andy Patrizio

Intel had a tough quarter, with sales dropping 17% and profits slipping 114%. The company is taking a financial hit as it restructures, again. (Source: Intel)What do we think?One thing that can be said about Pat Gelsinger’s turnaround plans is that he is all in for a total company transformation. That is abundantly clear, and there is no going back to the old Intel. The continued emphasis on the foundry business and the new accounting measures indicate a big, bold transformation that will succeed or fail spectacularly. There will be no middle ground.This transformation is painful, as you would expect,

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Intel sees projected revenue in soft Q1

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