is expected to report another large drop in profits
when it reports quarterly results this week. Due to the company loosing market share to AMD
, it is possible that Intel is set to announce that profits are down as much as 35%.
The technology industry’s bellwether has suffered several quarters of disappointing profit and sales. Based in Santa Clara, California, Intel is set for earnings of 22 cents a share for the first quarter, according to the average analyst estimate on Reuters Estimates. That compares with 34 cents a share a year earlier.
The company is expected to take action by slashing chip prices on a wide variety of processors, both on those used in desktops as well as in servers.