On: Intel to Cut 12,000 Jobs, Forecast Misses Amid PC ...

[dismal2]

quote from zerohedge:

  Instead of using the same tax rate as a year ago, when it had an effective 
  tax rate of 25.5%, this quarter the tax rate was down 7.1% to just 18.4%. 
  Had INTC used the historical tax rate, it would have, surprise, missed.
  
  Worse, INTC just cut its outlook, predicting revenue of $13.5 billion, 
  plus or minus $500 million, for the Q2, about $700MM below consensus estimates.

[dismal2 → dismal2]

more details on that kind of stuff here: http://www.investopedia.com/articles/analyst/091901.asp

[mtgx → dismal2]

So Intel is dodging taxes as well now?

[dismal2 → mtgx]

more complex than that, if they foresee lower earnings, different types of expenditures, etc, etc, you'd need a professional accounting firm to calculate that for you

[lmm → mtgx]

When you lose money you generally pay less tax. Nothing illegitimate about that.