Intel Shares Fall 8% on Weak Sales Forecast
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The computer chip giant's management on Thursady lowered the company's financial projections after concluding businesses and consumers aren't in a spending mood.
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Intel Corp.&#39;s upcoming mid-quarter report will be closely watched for signs of weak back-to-school computer sales, though recent market share gains in memory chips could help offset any softness in computer microprocessor demand.
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Technology stocks sank Friday after Intel Corp., the world&#39;s largest chipmaker, disappointed investors by slashing its revenue forecast.
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A sell-off in tech stocks following  Intel Corp.'s disappointing outlook pushed Asian shares lower  on Friday, overpowering pockets of strength in some financial,  consumer and industrial issues.
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Intel Corp. INTC.O on Thursday  cut its third-quarter revenue and profit margin forecast after  demand for both its computer microprocessors and communications  chips weakened beyond expectations. Its stock fell nearly 8  percent.
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SEMICONDUCTOR maker Advanced Micro Devices has warned its quarterly revenue will be lower than forecast, citing softness in sales of its memory chips used in cell phones and other devices.
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Semiconductor maker Advanced  Micro Devices Inc. AMD.N warned on Monday that its quarterly  revenue will be lower than forecast, citing softness in sales  of its memory chips used in cell phones and other devices. The  company's shares fell after the warning.
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Intel Corp. (INTC.O: Quote, Profile, Research) on Thursday cut its third-quarter revenue and profit margin forecast after demand for both its computer microprocessors
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SAN FRANCISCO: Intel upcoming mid-quarter report will be closely watched for signs of weak back-to-school computer sales, though recent market share gains in memory chips could help offset any softness in computer microprocessor demand.
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Intel Corp., the world&#39;s biggest maker of semiconductors, reduced its third-quarter revenue forecast Thursday, blaming lower-than-expected demand for flash memory and PC chips.
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Stocks opened lower on Wednesday after Intel Corp's disappointing earnings and profit outlook fueled more recession talk.
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US stocks opened slightly lower on Monday as chip maker Intel Corp. (INTC.O: Quote, Profile, Research) fell after a broker downgrade, weakening technology shares, while a drop in crude
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Intel Corp. lowered its revenue projections for its third quarter yesterday, citing slow consumer purchases across the globe.
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SAN FRANCISCO - Citing lower than expected product sales, Intel Corp. on Thursday lowered its revenue expectations for the third quarter of its 2004 fiscal year, which ends on Sept. 25.
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Stocks fell on Wednesday after Intel Corp , the world's largest chip maker, gave quarterly earnings and a profit outlook that missed Wall Street estimates, fueling more recession talk.
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The Nasdaq composite index fell more than 2 percent on Friday, hit by concerns about weak job growth and a brokerage downgrade of chip maker Intel Corp .
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Shares of Intel Corp. INTC.O fell  more than 7 percent before the opening bell on Friday, a day  after the technology bellwether slashed its quarterly sales  outlook, and other technology stocks moved lower in tandem.