Intel Israel employees win bonus

8,000 Intel Israel employees will receive a bonus equal to 2.6 salaries for 2012.

8,000 Intel Israel Ltd. employees will receive a bonus equal to 2.6 salaries for 2012. Last year, 7,050 Intel Israel employees received a bonus equal to three salaries for 2011. The bonuses are part of Intel Corporation's (Nasdaq: INTC) bonuses for its 100,000 employees worldwide. However, Intel Israel employees do not expect a raise this year.

After trading on Wall Street on Thursday, Intel reported a 27% drop in net profit to $2.6 billion ($0.48 per share) for the fourth quarter of 2012 from $3.4 billion for the corresponding quarter of 2011. Fourth quarter revenue fell 3% to $13.5 billion.

In its guidance for the first quarter of 2013, Intel forecasts $12.2-13.2 billion revenue. The company attributes its stagnant revenue forecast to the steady decline in PC sales.

Published by Globes [online], Israel business news - www.globes-online.com - on January 20, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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