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Intel Reports Flat Revenue Under New CEO as It Tries to Return to Its Roots

The company is taking measures to ‘radically’ streamline its organization.
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Intel Reports Flat Revenue Under New CEO as It Tries to Return to Its Roots
The Intel logo on the exterior of company headquarters in Santa Clara, Calif., on Jan. 12, 2011. Paul Sakuma/AP Photo
Panos Mourdoukoutas
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Things haven’t improve for Intel in the first quarter of the year, with revenues remaining flat, and losses continuing under the new CEO, who sees no quick fixes to the tech giant’s problems as it tries to return to its roots.

On April 24, the Santa Clara, California-based company reported revenue of $12.7 billion, flat year over year, while incurring a loss of 19 cents per share.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”