Intel Slashes Q4 Guidance: Demand Weaker Than Expected, Everywhere (INTC)
Chip giant Intel (INTC) cut its Q4 revenue guidance by more than 10% this afternoon, citing "significantly weaker than expected demand in all geographies and market segments."
Specifically, Intel thinks it will post $8.7 billion to $9.3 billion in Q4 sales, down from its previous expectation of $10.1 billion to $10.9 billion, and far below the Street's $10.36 billion consensus. Even… » Full Story on Silicon Alley Insider
Specifically, Intel thinks it will post $8.7 billion to $9.3 billion in Q4 sales, down from its previous expectation of $10.1 billion to $10.9 billion, and far below the Street's $10.36 billion consensus. Even… » Full Story on Silicon Alley Insider
