Only the Paranoid Survive

Ouch:

If it’s true that the semiconductor industry is among the first sectors to recover after a recession or economic slowdown, then the coming months are looking pretty bleak. Semiconductor giant Intel (INTC) said this morning that its preliminary fourth-quarter revenue has fallen to approximately $8.2 billion–down 23 percent year-over-year. Seems “further weakness in end demand and inventory reductions by…customers in the global PC supply chain” have caused the company to miss a forecast that it cut by $1 billion less than two months ago. Worse, this latest drop in revenues surpasses the 20 percent decline Intel reported in the fourth quarter of 2001–after the first tech bubble burst.

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Now might be a good time to take another look at corporate tax cuts and maybe some accelerated depreciation.

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