Intel Corp (INTC)

[wthdik2]

In other words, they expect to have a quarterly loss of $300M, instead of $1.1B, by the end of the year.

that doesn't make any sense. Start with a $1 billion quarterly loss run rate. Shutting down contra-revenue decreases that by say $150 million (leaving "normal profit" for about 10 million tablets). The only two remaining levers are Sofia phones (low ASP + low margin in a hyper-competitive space) or massive staff reductions.