Intel sees projected revenue in soft Q1

Intel had a tough quarter, with sales dropping 17% and profits slipping 114%. The company is taking a financial hit as it restructures, again. (Source: Intel) What do we think? One thing that can be said about Pat Gelsinger’s turnaround plans is that he is all in for a total company transformation. That is abundantly clear, and there is no going back to the old Intel. The continued emphasis on the foundry business and the new accounting measures indicate a big, bold transformation that will succeed or fail spectacularly. There will be no middle ground. This transformation is painful, as