Intel stock tumbles on lowered goals
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SAN FRANCISCO (CBS.MW) -- Intel shares fell to a 15-month low Friday after the company said lower-than-expected demand caused it to slash its third-quarter sales and margin estimates.
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Intel Corp  on Tuesday posted quarterly results and an outlook behind Wall Street targets, sending its shares down nearly 15 percent.
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Intel Corp., the world's largest chip maker, posted a 51 percent jump in its fourth-quarter profit Tuesday, but sales fell slightly below expectations and the company's shares dropped sharply in after-hours trading.
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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 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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US technology shares tumbled on Friday after Intel Corp. , the world&#39;s No. 1 chip maker, slashed its revenue forecast, but blue chips were only moderately lower as drug and industrial stocks gained.
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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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Intel Corp. , the world's  biggest chipmaker, on Wednesday posted a sharply lower second  quarter profit amid fierce competition from rival Advanced  Micro Devices Inc. .
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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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Intel  on Tuesday posted quarterly results and an outlook behind Wall Street targets, sending its shares down 15 percent, further stoking concerns the U.S. economy may be entering a recession.
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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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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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US stocks fell, led by semiconductor makers including Intel Corp. after Xilinx Inc. and Altera Corp., the largest makers of programmable computer chips, lowered their sales forecasts as some customers cut orders.
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NEW YORK (CBS.MW) -- First Albany lowered its stock price target for Intel (INTC) to $24 from $30 following the chip sector bellwether&#39;s lowered third-quarter revenue and margin outlook.
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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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Shares take a beating after the chipmaker says fourth-quarter operating income will be "down significantly" from the preceding quarter.
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Chip stocks fell across the globe on Friday after Intel, the market leader, slashed its forecasts for revenue and profit margin for the third quarter, citing unexpectedly weak demand.