Nasdaq chipped by Intel
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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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Among the stocks featured in the September 6 edition of Schaeffer's Market Blog are Intel (NASDAQ:INTC), Apple Computer (NASDAQ:AAPL), UST Inc. (NYSE:UST), Fairchild Semiconductor (NYSE:FCS), and Panera Bread (NASDAQ:PNRA).
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MANHASSET, NY - Intel Corp. (Santa Clara, Calif.) has taken some lumps this year due to weakening market conditions and several strategic errors, but the semiconductor supplier remains loyal to its shareholders.
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U.S. stocks fell on Wednesday, with   the Nasdaq dropping over 1 percent, as a decline in Intel Corp.   INTC.O shares dragged other technology issues down and data   on rising U.S. labor costs renewed inflation concerns.
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US stock futures pointed to a sharply lower start Friday as Intel Corp.&#39;s disappointing third-quarter revenue and margin forecast sent chip stocks tumbling overseas.
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Shares of Intel Corp. fell in after-hours trading after the world's largest chip maker announced sweeping job cuts that some investors believed were not severe enough.
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Shares of Intel fell sharply as the nation's largest semiconductor maker lowered its revenue and profit margin forecast.
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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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AFTER THE FEVERED speculation earlier this week about Dell using AMD microprocessors, the unthinkable nearly happened yesterday. The price of a share in AMD finished on the NYSE exchange yesterday at $21.
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No hard feelings. Intel (nasdaq: INTC - news - people ) has hired away hundreds of engineers from Hewlett-Packard (nyse: HPQ - news - people ). However, it is unlikely to cause friction between the chipmaker
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In recent months, Intel delayed several chips and recalled other, defective ones. It overestimated demand, thereby causing an inventory glut.
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Tech stocks were mixed for the holiday week, with analyst revisions moving key sector players. Intel (nasdaq: INTC - news - people ) shares fell tumbled Tuesday after Credit Suisse First Boston lowered the
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Intel (INTC:Nasdaq - news - research) delivered part of the news that Wall Street wanted to hear Thursday, raising its projections for revenue in the fourth quarter by nearly 6%.
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Stocks to watch on Tuesday: ADVANCED  MICRO DEVICES INC. AMD.N, INTEL CORP. INTC.O:
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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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New Wi-Fi chip from Intel and a positive day for most bellwethers offset big loss at ARM. NEW YORK (CNN/Money) - News on a new chip from Intel helped balance out an acquisition by ARM that sent its stock reeling
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Intel Developer Forum this week will zero in on upcoming chips. Areas for longer-term growth aren't quite so clear.