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Tech Industry

Intel stumbles

The microprocessor giant expects major staff cuts after a significant drop in profits. The future doesn't look good, either.

Special coverage: Intel stumbles April 14, 1998
4:35 p.m. PT
Special coverage: Intel stumbles

The microprocessor giant expects a major staff reduction after a significant drop in profits. The future doesn't look good, either.

Earnings in decline
Weakened demand, overproduction, plus price pressures equal a big drop.

Is it just the beginning?
news analysis Before things get better for Intel, they will likely get worse.

Lukewarm support for chip
Few PC makers are expected to build systems for the low-cost Celeron chip.

Processor price cuts due
On the eve of releasing new processors, the chipmaker will discount older models.

 previous coverage
 • Changing of the guard
Will the paranoid still survive? See special coverage: 
Intel's changing of the guard Intel's leadership succession is taking place just as the company seems to have been caught unawares by sea changes in the computer industry.
 • Intel's fallout
The leading chipmaker's unexpected revenue shortfall sends markets reeling Intel's market fallout around the globe and analysts revising their forecasts for the chip giant. Was the panic justified?
 • Who's afraid of the big, bad NC?
What does the head of the world's biggest PC chipmaker have to be paranoid about? Newsmaker: 
Intel's paranoid leader The consumer electronics market. NEWS.COM chatted with him about his faith in the PC and Intel's vision for the Internet.
  --Intel stock chart

 

--Andy Grove, Intel chairman

 

--Ashok Kumar, Piper Jaffray analyst