Intel’s CEO Heading Out With a Whimper
On Thursday afternoon, Intel delivered a batch of fourth-quarter financial results that were to be expected. Its sales fell to $13.5 billion, from $13.9 billion, as-guess what?-people bought fewer PCs than during the same period last year. Take 2012 as a whole, and Intel posted revenue of $53.3 billion, down from $54 billion.
The big takeaway here is that Intel produces one hell of a whimper. The chip maker’s sales have fallen, as have its net income and margins. But the company still sells an incredible amount of silicon and chalked up