Intel shares slide as poor sales lead to lower profit forecasts
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SAN FRANCISCO -- Shares of Intel Corp. fell more than seven per cent yesterday after the computer chip giant&#39;s management lowered the company&#39;s financial projections after concluding businesses and consumers aren&#39;t in a spending mood.
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SHARES are set for a bumpy ride after Wall Street lost ground on the weekend, derailed by weak US jobs data and a poor prognosis from Intel which sparked worries for the health of the tech sector.
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U.S. stocks fell on Tuesday, pressured  by a sales warning from chip maker Advanced Micro Devices Inc.  AMD.N and lower-than-expected earnings from aluminum producer  Alcoa Inc. AA.N
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NEW YORK - Technology stocks led Wall Street lower Friday after an uninspiring employment report failed to mitigate investors' concerns over Intel Corp.'s profit outlook. The major indexes finished the week mixed...
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TORONTO (CP) - Stocks were lower Friday afternoon as markets sorted through an August US jobs report that narrowly missed modest expectations and were dismayed at a revenue warning from tech bellwether Intel.
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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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Considering the devastating two years Advanced Micro Devices Inc. has endured, investors braced themselves for more bad news in the fourth quarter after rival Intel Corp. disappointed Wall Street with lackluster results.
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SAN JOSE, Calif. -- Intel Corp.'s second-quarter profit jumped 44 percent on strong sales of microprocessors, but the company's shares fell amid signs that fierce competition continues to push chip prices lower.
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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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Asian shares were mostly lower on  Tuesday, pulled down by technology stocks following worries  about a sales forecast from bellwether Intel Corp. and  unexpectedly flat industrial output in Japan.
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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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Intel Corp's  sharp cut in its revenue outlook dragged down shares of personal computer makers on Friday, on fears that the chipmaker's problems could signal weak PC markets, analysts said.
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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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Reduced revenue guidance from Intel (INTC:Nasdaq - news - research) had stocks under pressure Friday ahead of the key August employment report.
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Intel Corp.&#39;s (INTC.O: Quote, Profile, Research) upcoming mid-quarter report will be closely watched for signs of weak back-to-school computer sales, though recent
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Intel Corp. INTC.O shares slipped on  Tuesday after Credit Suisse First Boston downgraded the stock,  forecasting that the computer chip maker will have difficulty  outperforming the overall semiconductor sector next year.
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NEW YORK  -Stocks ended lower on Wednesday as energy shares declined along with oil prices and Intel Corp  posted earnings and a profit outlook that disappointed investors.