The preliminary estimate of gross margin for the fourth quarter is at the bottom of the previous expectation of 55 percent, plus or minus a couple of points.Intel will announce its fourth-quarter earnings on January 15.
As a result of the year-end market price of Clearwire Corporation stock, Intel will impair the value of its investment, resulting in a non-cash charge to fourth-quarter earnings of approximately $950 million. The company now expects the net gain or loss from equity investments and interest and other to be a loss of between $1.1 billion and $1.2 billion versus a previous expectation of a loss of approximately $50 million.
Spending (R&D plus MG&A) is expected to be approximately $2.6 billion, lower than the previous expectation of approximately $2.8 billion.
Restructuring and asset impairment charges are expected to be approximately $250 million, unchanged.
Intel fourth-quarter revenue will be bad
Posted on Wednesday, January 07 2009 @ 18:01 CET by Thomas De Maesschalck