Intel's earnings fell 96 percent
Intel has third-quarter sales of 6.55 billion US dollars compared to sales of 8.73 billion in the same quarter of the previous year. Compared to the second quarter of 2001, however, sales were three percent more.
If you include the acquisitions, the profit falls to 106 million US dollars, which is 96 percent below last year's sales and 46 percent below the previous quarter. If one leaves the acquisitions outside, the profit is 655 million US dollars, a decrease of 77 percent compared to the same quarter of the previous year with 2.86 billion US dollars. For the fourth quarter, Intel boss Craig Barrett expects moderate growth rates, especially in the area of microprocessors and flash memory. In the third quarter alone, Intel bought back its own shares valued at 1 billion US dollars, and in 2001 as a whole, Intel plans to invest around 7.5 billion US dollars in all business areas.