Intel falls short of margin goal
 

*Source: DigiTimes (http://www.digitimes.com/mobos/a20070718PR202.html)*
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Intel announced second quarter revenue of US$8.7 billion, operating income of US$1.35 billion, net income of US$1.3 billion and earnings per share (EPS) of US$0.22. The results include tax items that increased EPS by approximately US$0.03 along with restructuring charges of US$82 million.

The company's second quarter gross margins were 46.9%, lower than the company's previous expectation of 48%, with low demand for NOR flash impacting gross margins by 1%.

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