Intel gloom weighs on chip stocks
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Intel, the world's leading computer chip maker, slashes its revenue forecasts, triggering a decline in global chip stocks.
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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.
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Intel's financial results for the fourth quarter fell short of analysts' estimates in part because of weak prices for memory chips.
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Technology stocks led Asian shares  lower on Tuesday as investors reacted to evidence that Japan's  recovery was slowing and analysts cited risks in the outlook  for tech bellwether Intel Corp.
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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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U.S. stocks fell on Wednesday, with   the Nasdaq dropping more than 1 percent, as Intel Corp.   INTC.O dragged other technology issues lower and surging U.S.   labor costs renewed inflation concerns.
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U.S. stocks were set for a lower start  on Friday after Intel Corp.'s INTC.O dismal mid-quarter  update, but a key employment report due before the opening bell  will set the market's tone, with investors looking for clues  into the health of the economy.
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Shares of Intel Corp.  fell 1.8 percent before the bell on Tuesday, a day after rival Advanced Micro Devices Inc.  gave a negative financial update.
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Stocks extended losses on Wednesday, as recession concerns intensified after Intel Corp , the world's largest chip maker, gave quarterly earnings and a profit outlook that missed Wall Street estimates.
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Shares of Intel Corp. INTC.O fell  1.8 percent before the bell on Tuesday, a day after rival  Advanced Micro Devices Inc. AMD.N gave a negative financial  update.
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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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Shares of Advanced Micro Devices   fell more than 10 percent on Friday after the computer  chip maker forecast quarterly revenue below market expectations  amid a price battle with larger rival Intel Corp..
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Intel Corp. , which has  been losing market share in computer processors to Advanced  Micro Devices Inc. , now looks better placed to weather  a brutal price war that seems set to worsen.
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SAN FRANCISCO - Intel Corp.&#39;s shares fell more than 7 percent yesterday, a day 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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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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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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U.S. stocks were little changed on  Tuesday as a sharp drop in consumer confidence in August  stirred fresh doubt about the economy and expectations for  Intel to pull in its quarterly revenue forecast weighed on  technology stocks.