Painful quarter as predicted. Gross margin down ~13 percentage points from high 50s to low 40s (depending on if you use GAAP vs Non-GAAP). Given Intel's high fi

Painful quarter as predicted. Gross margin down ~13 percentage points from high 50s to low 40s (depending on if you use GAAP vs Non-GAAP). Given Intel's high fixed costs, the revenue shortfall really hurts.