Thread regarding Intel Corp. layoffs

Intel results Q2 2016

..from the yahoo finance pages..

Client Computing Group, which includes mobile and PC products, had revenue of $7.3 billion, down 3 percent year-over-year. The company noted increased average selling prices for desktop, notebook and tablet platforms.

Data Center Group, the company’s biggest growth engine, had revenue of $4. billion, up 5 percent year-over-year.

Internet of Things Group had revenue of $572 million, up 2 percent year-over-year.

Non-Volatile Memory Solutions Group had revenue of $554 million, down 20 percent year-over-year.

Intel Security Group, which has been rumored to be for sale, had revenue of $537 million, up 10 percent year-over-year.

Programmable Solutions Group, which was created by the acquisition of Altera, had revenue of $465 million, up 12 percent year-over-year compared to Altera's performance as a standalone company.

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Post ID: @OP+ItmH02w

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I'm sure earnings call will paint a generally rosy picture. As a shareholder I'm certainly happy. Of course hidden under the success of the restructuring that I am sure they will talk about is the human/family turmoil. I totally understand that no business is a charity but it is always a little bittersweet to see mass layoffs.

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Post ID: @ahn+ItmH02w

"Data Center Group, the company’s biggest growth engine, had revenue of $4. billion, up 5 percent year-over-year."

Wall Street was expect 4.2-4.3 Billion Dollars, so they missed earnings on that front as well.

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Post ID: @qhg+ItmH02w

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