Intel profits down despite record sales

INTEL, the world’s biggest computer-chip maker, said fourth-quarter profits fell after the company slowed factories to work off inventory.

Intel profits down despite record sales
Wed, 12 Jan, 2005 - 00:00

Sales rose to a record, boosted by holiday-season demand for laptops.

Net income dropped to E1.6 billion or 25 cent a share, from E1.65bn a year earlier, Santa Clara, California-based Intel said yesterday.

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