2 ms·
Intel announced losses of 2.8B in 1Q 2023, and warned analysts that they would lose money again in 2Q. So I presume that GP got the idea that Intel was losing m
by mandevil 3y ago
Intel announced losses of 2.8B in 1Q 2023, and warned analysts that they would lose money again in 2Q. So I presume that GP got the idea that Intel was losing money from the accountants that Intel pays to tell them what the company financial situation is, who would seem the best placed to know whether the company is losing money.
Now, the 2.8B included a lot of one-time charges that made the loss larger than normal on a continuing basis- on a continuing basis the losses were more like 200M, which is about what the company guidance was for 2Q. But losing 200 million dollars is still losing money.
Disclaimer: long INTC