Thursday, January 15, 2009

Recession Hit Hard the Technology Companies

Intels which was till now insulated from recession in in the grips of it now, with falling sales revenue and profit. The Q4 net is down 90% and sales down 23%.

Companies like Yahoo and Sun are already facing rough times with large retrenchments. As such intel has decided to do away with a bit of R&D expenditure.

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