Intel: Simply Awful

Intel's numbers say it all:

• Revenue down 12% yoy
• Operating income down 49%
• Net income down 45%
• EPS down 43%
• Terrible guidance

Geography also hurt with Europe down 26% and Asia-Pacific (the world's fastest growth region) down 16%.

These numbers simply are awful. Intel holds an analyst meeting in New York next week. We will see if they bring anything new to the table.