Thursday, November 13, 2008

Intel Warns Of Falling Revenues - Nov 13, 2008

Intel, the world''s biggest computer chip maker, has warned that its latest revenues will miss market targets due to feeble demand all over the world for PCs. In the latest sign of lower consumer spending worldwide, Intel said its revenues for October to December would probably be 14% down on predictions. It now projects fourth-quarter revenue of $9bn (£6bn), lower from its previous forecast of $10.5bn. Analysts said the new figure was much worse than expected.

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