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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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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Global PC sales have slowed as the market waits for Intel to announce new price reductions, market researchers said.
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NEW YORK  -Stocks fell in choppy trade on Wednesday, as pessimism about the U.S. economy mounted after Intel Corp , the world's largest chip maker, posted earnings and a profit forecast that disappointed investors.
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The tech sector continues to sit on unstable ground, with Intel Corp. lowering its forecast due to lagging consumer demand for technology products and fueling investor buzz of weakness in the sector.-washingtonpost.com
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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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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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Intel, the world's leading computer chip maker, slashes its revenue forecasts, triggering a decline in global chip stocks.
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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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NEW YORK  -The S&P 500 and the Nasdaq fell in  choppy trade on Wednesday, as pessimism about the U.S. economy  mounted after Intel Corp , the world's largest chip  maker, posted earnings and a profit forecast that disappointed  investors.
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NEW YORK - U.S. stocks are picked to open lower Friday after Intel Corp.'s outlook soured the picture for the chip sector, but August non-farm payrolls, due out at 8:30 a.m., should set the tone for trading...
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Stock futures dropped on Wednesday, suggesting Wall Street will add to Tuesday's sharp losses, after Intel Corp's disappointing earnings and profit outlook made recession look more likely.
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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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Semiconductor maker Advanced Micro Devices Inc.  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.  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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U.S. stocks slid on Friday after chip maker Micron Technology Inc.  said it expected weak demand for some of its key products, which punished the shares of semiconductor companies such as Intel Corp .
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Intel Corp's INTC.O 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.