Intel Reports Largest Quarterly Loss In Company History

In the company's first-quarter earnings results (PDF) on Wednesday, Intel reported a 133% annual reduction in earnings per share. "Revenue dropped nearly 36% year over year to $11.7 billion," adds CNBC. From the report: In the first quarter, Intel swung to a net loss of $2.8 billion, or 66 cents per share, from a net profit of $8.1 billion, or $1.98 per share, last year. Excluding the impact of inventory restructuring, a recent change to employee stock options and other acquisition-related charg