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Trading was briefly halted on Intel ahead of earnings on news that it plans to cut 12,000 jobs, or 11% of its workforce.
Here are the reported numbers for Q1 2016.
EPS (non-GAAP): $0.54 vs $0.49 expected.
Revenue: $13.8 billion vs $13.984 expected.
The company is in the middle of a revamp as it hopes to overcome a years-long slump in PC sales, and do a better job capitalizing on the rise of mobile devices, which have typically been dominated by chips designed and built by rivals like ARM and Qualcomm.
The company’s latest big push has been into the “Internet of things” — basically, getting its chips into all sorts of household and common objects to let them communicate with each other and apps over networks, including the public Internet.
Recently, an executive that Intel hired from Qualcomm, Venkata “Murthy” Renduchintala, slammed the company in an internal memo, citing “lack of product/customer focus in execution that is creating schedule and competitiveness gaps in our products."
The company was recently reported to be planning layoffs of "thousands,” according to OregonLive.
SEE ALSO: Intel’s big hire from Qualcomm blasts the company in a leaked memo
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Look at These Beautiful Planets JK They’re Bacteria From Public Buses
If you’re the kind of person who carries hand sanitizer everywhere you go, then you’re aware—maybe too aware—of the colonies of bacteria camped out on everything from gas pumps to ATM machines. Marco Castelli plays to your worst fears in his series A Micro Odyssey.
Oh sure, they look like photographs of distant planets. But they’re petri dishes awash in bacteria found in bank terminals, public buses and women’s bathrooms, photographed against pictures of the stars. Yet suspended in space, they are surprisingly beautiful. “It’s fantastic to let microorganisms meet stars,” Castelli says.
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Picture Earth at the center of a frame. The planet looks unassuming, a fleck, its blue-and-white marbling stark against a black interstellar backdrop. Yet the image likely evokes some reaction.
Now imagine seeing this view from space.
Astronauts who experience Earth from orbit often report feelings of awe and wonder, of being transformed by what they describe as the magic such a perspective brings. This phenomenon is called the “overview effect,” and researchers from the University of Pennsylvania’s Positive Psychology Center are studying it to better understand the emotions astronauts commonly recount.
Penn research fellows David Yaden and Johannes Eichstaedt, and intern Jonathan Iwry, with colleagues from Thomas Jefferson University, the University of Houston and others, have several goals with this work: to look at implications for space flight as the aeronautical community heads toward years-long missions to places like Mars, and to understand how to induce a similar sensation for non-astronauts.
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Let's go invent tomorrow instead of worrying about what happened yesterday. - Steve Jobs
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