#15: Intel Earnings 'a Crime Scene'

#15: Intel Earnings ‘a Crime Scene’

Written by Craig Galbraith
January 1, 1970

Just how bad does your quarterly earnings report have to be to have it labeled a “crime scene”? How about “astonishingly bad” or a “historic collapse”?

Intel was the company to earn those dubious distinctions after releasing its fourth quarter earnings report.

The numbers were stark: a 32% year-over-year decline and a net loss of $644 million.

Get the full scoop on Intel’s very, very, very, very, very bad day (quarter).

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Craig Galbraith

Craig Galbraith is the editorial director for Channel Futures and Channel Partners, joining the team in 2008. Before that, he spent more than 11 years as an anchor, reporter and managing editor in television newsrooms in North Dakota and Washington state. Craig is a proud Husky, having graduated from the University of Washington. He makes his home in the Phoenix area.