Intel 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.