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Date Posted: 9:01:06 1/27/23 Fri
Author: Jasper
Subject: And the hits just keep on coming.

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Intel on Thursday posted rather grievous financial results as the company's revenue for the quarter dropped both sequentially and year-over-year, and the company lost $700 million as its margins collapsed to a multi-year minimum. While the company remained profitable in 2022, it said its earnings would drop further this quarter as its customers will aggressively cut their inventory. Intel expects its sales to decrease even further next quarter.

https://www.tomshardware.com/news/intel-posts-largest-loss-in-years-as-sales-of-pc-and-server-cpus-nosedive

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