|13-11-2008, 10:41 PM||#1|
Join Date: May 19 2008
[TheInquirer.com Processors] Intel slashes fourth quarter predictions
Sylvie Barak the Inquirer, Thursday 13 November 2008. 10:59:00
Margins squeezed too
INTEL SLASHED ITS fourth-quarter guidance yesterday, warning its sales could slump as much as 19 per cent, dealing profits a nasty blow. Following suit, others in the semiconductor sand pit began filing their pessimistic outlooks for the end of the year. Intel expects spending slowdowns caused by the economic crisis. Chipzilla predicted its previous sales forecast would now have to be reduced by about $1 billion, as computer makers buy fewer chips and work their way through their existing inventory to save cash. The chip maker is now expecting fourth-quarter revenue of between $8.7 billion and $9.3 billion, down from earlier projections to Wall Street last month of between $10.1 billion to $10.9 billion....
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