Intel Q2 Sales Below Expectations
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Intel has posted an $8 billion revenue figure for Q2 2006, a drop of 13 percent on the same period last year.

According to the earnings report released by the company, it also posted an operating income of $1.1 billion, a net income of $885 million and earnings per share (EPS) of 15 cents (including the effects of share-based compensation). All these figures were down on Q2 2005, with operating income representing the most significant drop (60 percent).

This drop was attributed to the fact that sequential revenue in all of the company’s major regions was below normal seasonal patterns. Sales of microprocessor units and motherboards were both lower, though flash memory units were higher and chipset unit sales were flat.

Intel is anticipating a slight increase in revenue for Q3, with estimates between $8.3 billion and $8.9 billion