Intel’s third quarter below expectations
Intel (http://www.intel.com) says third-quarter revenue will be below the company’s previous outlook. The company now expects third-quarter revenue to be US$11.0 billion, plus or minus $200 million, compared to the previous expectation of between $11.2 and $12.0 billion.
Revenue is being affected by weaker than expected demand for consumer computers in mature markets. Inventories across the supply chain appear to be in-line with the company’s revised expectations.
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