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Technology Stocks : Intel Corporation (INTC)
INTC 40.20-0.8%1:50 PM EST

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To: wanna_bmw who wrote (168246)7/15/2002 12:20:00 PM
From: andreas_wonisch   of 186894
 
Wann_bmw, Re: Sounds like layoffs, IMO. Did Intel miss estimates? Was there an operating loss?

Barrett said several months (a year?) ago that Intel's revenue were at levels not seen since '99 or so while the headcount had increased by 10,000-20,000. I don't know the exact numbers but if you do a search you'll probably find the quote. He suggested at that time that Intel would have to reduce headcounts if revenue levels didn't improve.

Edit: Here's a story on it (unfortunately it only contains one quote): thestreet.com;

Andreas
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