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Intel Might Post First Ever Quarterly Loss In 22 Years

According to Bloomberg report, Intel raised the possibility of reporting a loss this quarter, ending its more than 21-year profit making streak.

“We are not going to wake up in six months with everything rosy again,” Chief Executive Officer Paul Otellini told employees last week in an internal memo obtained by Bloomberg News. After 87 quarters of profit, the first quarter is “too close to call,” the memo said.

According to Bloomberg report, Intel raised the possibility of reporting a loss this quarter, ending its more than 21-year profit making streak.

“We are not going to wake up in six months with everything rosy again,” Chief Executive Officer Paul Otellini told employees last week in an internal memo obtained by Bloomberg News. After 87 quarters of profit, the first quarter is “too close to call,” the memo said.

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