Intel Corp forecast sales and profits that were below investor expectations when it reported its first-quarter earnings on Thursday, and high manufacturing costs from mistakes in the past are a big part of the reason. Intel said it expects gross margins of 48% in the second quarter, down from the 50.4% it reported for the first quarter and far below its historical norms that were often in the...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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