Intel cuts Q3 revenue forecast by about $1 billion
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Intel shaved about a billion dollars off its third-quarter revenue forecast on Friday, blaming the global economy for slowing sales. It will announce full results for the quarter on Oct. 16.
The company had previously predicted third-quarter revenue of between $ 13.8 billion and $ 14.8 billion, but on Friday lowered its forecast to between $ 12.9 billion and $ 13.5 billion.
The Industry Standard – Infoworld
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