New York, NY -- (SBWIRE) -- 01/23/2013 -- Intel Corporation (NASDAQ:INTC) continued its downward trend after dismal fourth quarter earnings report. Overall, fourth quarter profit for Intel fell a huge twenty-seven percent. This was largely based on two factors: a slowdown in the number of orders placed for the company’s software by PC manufacturers and a delay by the firm in entering the Smartphone market.
Intel Corporation designs and manufactures integrated digital technology platforms. A platform consists of a microprocessor and chipset. The Company sells these platforms primarily to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries.
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Sirius XM Radio Inc. (NASDAQ:SIRI) announced that three directors have stepped down from the board of Sirius XM Radio. Resigning their board seats were Leon Black, Lawrence Gilberti and Jack Shaw. Before, Mel Karmazin resigned from the board and stepped down as CEO.
Liberty disclosed in a filing Tuesday that it owns 50.2 percent of the satellite firm. Liberty had been buying shares of Sirius for months.
Sirius XM Radio Inc. broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
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