Intel income slips in Q2 earnings, reorg planned

Intel earned $885 million (15 cents a share) for its second quarter of 2006, compared to $2.04 billion (33 cents) last year, on revenue that decreased 13.2 percent to $8 billion. The success of arch-rival Advanced Micro Devices is the main reason for Intel's fall, experts say. In response, Intel recently announced some layoffs, and now a big reorganization is planned.

For more on Intel:
- see this AP article
- check out this CNet News.com article

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