Intel 4Q Revenue Misses Outlook Jan 8, 2009

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Intel Corp. said its fourth-quarter revenue fell 23% from the same period a year earlier. The chip maker also announced a 4Q impairment charge of about US$950 million related to its investment in Clearwire Corp.

Intel, which ships about 80% of the world's microprocessors, said its gross margin was at the bottom of its earlier expectation of 55% and now expects to record a loss of $1.1 billion to $1.2 billion.

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