Menu
16/01/2002
Intel reports profit loss for fourth quarter
Semiconductor manufacturer Intel has reported plummeting profits, which could see the company cut capital investment by almost 25 per cent during the coming year.
Fourth quarter results from the firm saw profits down by 77 per cent on the same time last year, standing at $504m. The news comes despite considerable sales over the Christmas period, which saw Intel meeting its retail targets thanks to extensive price slashing.
Despite growing gloom in the semiconductor sector, last October saw Intel announce its intention to stick with its initial capital spending plans for 2001. However, the current uncertain economic climate means the company is to pursue a more cautious approach with investment in 2002, with Intel facing flat sales for the next quarter and no sign of a resurgence in global demand.
Intel’s closest competitor in the semiconductor market, Samsung Electronics, also posted a profit loss, with figures down by 65 per cent for the fourth quarter. (CL)
Fourth quarter results from the firm saw profits down by 77 per cent on the same time last year, standing at $504m. The news comes despite considerable sales over the Christmas period, which saw Intel meeting its retail targets thanks to extensive price slashing.
Despite growing gloom in the semiconductor sector, last October saw Intel announce its intention to stick with its initial capital spending plans for 2001. However, the current uncertain economic climate means the company is to pursue a more cautious approach with investment in 2002, with Intel facing flat sales for the next quarter and no sign of a resurgence in global demand.
Intel’s closest competitor in the semiconductor market, Samsung Electronics, also posted a profit loss, with figures down by 65 per cent for the fourth quarter. (CL)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
02 August 2001
Shell posts record $7.4 bn profit for first half of year
Royal Dutch/Shell has announced record £7.4 billion (£5.2 billion) profits for the first half of the year, the figures revealing a jump in profits of 15 per cent on last year’s results.
Shell posts record $7.4 bn profit for first half of year
Royal Dutch/Shell has announced record £7.4 billion (£5.2 billion) profits for the first half of the year, the figures revealing a jump in profits of 15 per cent on last year’s results.
08 April 2002
IBM issue profit warning for the first time in a decade
IBM has shocked financial markets worldwide by issuing a profit warning for the first three months of 2002. The company said its first quarter revenue would fall 35 per cent to about $18.5 billion from $21 billion a year ago.
IBM issue profit warning for the first time in a decade
IBM has shocked financial markets worldwide by issuing a profit warning for the first three months of 2002. The company said its first quarter revenue would fall 35 per cent to about $18.5 billion from $21 billion a year ago.
15 October 2001
Marconi reassures investors about debt burden
Marconi has sought to reassure investors that the company is on course to decrease its £4.3 billion debt burden. Commenting on the latest trading figures Chief Executive of Marconi Mike Parton said: "Whilst trading conditions continue to be tough, Group operating profit and cash flow in the second quarter were in line with our previous guidance.
Marconi reassures investors about debt burden
Marconi has sought to reassure investors that the company is on course to decrease its £4.3 billion debt burden. Commenting on the latest trading figures Chief Executive of Marconi Mike Parton said: "Whilst trading conditions continue to be tough, Group operating profit and cash flow in the second quarter were in line with our previous guidance.
28 January 2002
Profit warnings rise to all-time high
A record number of UK companies issued profit warnings in 2001, according to new research from accountancy firm, Ernst & Young. The fourth quarter saw 49 firms issuing profit warnings, an increase of 10 per cent on the previous three-month period, and representing a record high for any year since records began.
Profit warnings rise to all-time high
A record number of UK companies issued profit warnings in 2001, according to new research from accountancy firm, Ernst & Young. The fourth quarter saw 49 firms issuing profit warnings, an increase of 10 per cent on the previous three-month period, and representing a record high for any year since records began.
03 February 2005
Shell reports massive $18 billion profit
Anglo-Dutch oil group, Shell, have announced record net profits of over $18 billion for the year 2004, representing a massive increase of 48% since 2003. The massive profits have been attributed to the rise of crude oil prices. Prices rose steadily during the first three quarters of 2004, peaking in the last quarter.
Shell reports massive $18 billion profit
Anglo-Dutch oil group, Shell, have announced record net profits of over $18 billion for the year 2004, representing a massive increase of 48% since 2003. The massive profits have been attributed to the rise of crude oil prices. Prices rose steadily during the first three quarters of 2004, peaking in the last quarter.
-
Northern Ireland WeatherToday:Dry, bright start this morning with best of sunshine in the west. Thickening cloud over Down and Antrim this morning with a few showers, extending westwards this afternoon. Lighter winds. Maximum temperature 16 °C.Tonight:Rather cloudy and mainly dry at first, then showery outbreaks of rain extending westwards to most places during the night, turning heavier towards morning. Light winds. Minimum temperature 8 °C.
