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