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Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%3:59 PM EST

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From: Bruno Cipolla4/19/2016 5:34:06 PM
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Intel Corp., the world’s biggest maker of semiconductors, said it will cut 12,000 jobs, or 11 percent of its workforce, retrenching as the personal-computer market heads toward a fifth year of decline.
Gross margin, the percentage of sales remaining after deducting the cost of production, is forecast to be about 61 percent in the current quarter, Intel said.
PCs in DeclineGlobal PC shipments dropped 9.6 percent in the first three months of the year, the sixth consecutive quarterly decline, according to market researcher IDC. The drop took unit sales to their lowest level since 2007.
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