Stocks Likely to Fall on Intel Shortfall
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Wall Street readied for a second straight day of losses after technology leader Intel announced disappointing earnings and a dim outlook.
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U.S. stock futures pointed to a lower   market open on Wednesday after Intel Corp. INTC.O said it   would cut 10,500 jobs, at the low end of expectations, though   news that Ford Motor Co. F.N named an outsider as its new   chief executive could lend support to share prices.
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Investors are expected to dump technology shares today in the wake of a financial update last night from bellwether Intel Corp. that one analyst called &quot;a disaster.
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Intel Corp.'s (INTC.O) 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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Stock index futures fell on Wednesday as news that deep losses on subprime mortgage bonds have left two Bear Stearns hedge funds almost worthless further worried investors already edgy after lackluster results from Intel Corp.  and Yahoo Inc.
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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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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 tumble in U.S. stocks and a stronger yen are likely to pull down Japanese shares on Wednesday, and investors may sell high-tech exporters such as Sony Corp.  that had led the market's recent rally.
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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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Stocks fell on Tuesday, after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast, prompting a sell-off in the technology sector.
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Investor's Business Daily - Chip giant Intel  (NasdaqGS:INTC - News) fell short in the fourth quarter and issued a tepid outlook, heightening concerns about the sluggish economy's impact on tech demand.
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The information technology (IT) sector is expected to set the tone of the Korean stock market in the near term after Intel, the worldâs largest semiconductor maker, slashed its third-quarter sales forecast last Thursday.
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U.S. shares were expected to start slightly weaker on Tuesday on caution ahead of results from networking gear maker Cisco Systems  which will set the direction for technology stocks.
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U.S. shares are expected to fall on  Thursday as investors wrestle with worries about inflation,  interest rates and economic growth, with economically sensitive  sectors such as technology likely to be hurt again.
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U.S. stock futures pointed to a lower   market open on Wednesday as investors weighed an announcement   of lay-offs from Intel Corp. INTC.O that was at the low end   of expectations against positive news from Ford Motor Co. F.N   that it has a new chief executive.
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U.S. stock futures pointed to a  slightly lower open on Tuesday as investors stay cautious after  last week's three-day rally and await results from networking  gear maker Cisco Systems Inc. which will set the direction for  technology stocks.
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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.