Third-quarter profits at chip giant Intel fell 77 per cent because of slowing economies and weak PC sales, the company said yesterday.
For the quarter ended 29 September, Intel reported income of $655m, or 10 cents a share, compared with earnings of $2.9bn, or 41 cents a share, a year earlier.
"While economic conditions worldwide remain weak, we continue to strengthen our competitive position and expect to see moderate unit growth in microprocessors and flash memory in the fourth quarter," said chief executive Craig Barrett.
The company said it expects fourth-quarter sales of $6.2bn to $6.8bn, the same range it has given for the past two quarters.
Separately, Bob Jackson, an engineer at Intel's Mobile Platforms Group, said at the Microprocessor Forum that the company would release Mobile Pentium 4 processors next year, at speeds in excess of 1.5Ghz during the first half of 2002 and at 2Ghz in the second half of the year.
According to Jackson, Banias, Intel's next-generation mobile processor currently described as a ground up design for power-efficient computing in lightweight portable computers, will appear during the first half of 2003.
Banias, which will ultimately replace the Pentium III-based designs in use in notebook computers, will also contain technology not found on current Pentium IIIs. For example, it will automatically shut off subsections of the processor when not in use to save power.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago