Intel with high profits
A profit of US $ 12.1 billion and total sales of US $ 33.7 billion ensured Intel a better year than expected by the experts. Compared to the previous year, sales rose by 15% and profit even by 49%.
Although a profit warning was issued towards the end of the year, profit increased again by around 6 compared to the fourth quarter of 1999 % and thus maintain the level of the third quarter. Intel President Craig Barret emphasized that this is no reason at all for exaggerated expectations. The market is simply too weak for that