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Intel reports fourth-quarter financial results
Intel (NASDAQ: INTC) released its fourth-quarter and annual financial results yesterday. Details are available at Intel’s financial site.
The year-to-year comparison looks bleak, but the real question is whether the results for the most recent quarter improved over preceding quarters. For Q3, the loss was $16.6 billion. For Q4, the loss is $0.1 billion. That is obviously a dramatic improvement, which may mean that the drastic cost-cutting measures that began in Q3 had an effect. (Free coffee was restored in November.)
Given the sporadic results last year, it’s too soon to suggest that a positive trend has emerged. However, stemming the blood flow is essential so that the company has the resources to fund much-needed innovation.