News Description
Intel Slashes 4Q Outlook
Hard|OCP - November 12, 2008 6:11 PM
Intel has lowered its fourth quarter outlook by more than a billion dollars thanks to slowing demand for PCs. An Intel spokesman blamed “significantly weaker than expected demand in all geographies and market segments.” Intel now expects sales of $9 billion in the last three months of the year, plus or minus $300 million. It previously expected sales between $10.1 billion and $10.9 billion, and analysts polled by Thomson Reuters were looking for $10.3 billion. Comments
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