Intel Lowers Its Forecasts; Shares Plunge After Hours
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Shares of Intel fell sharply as the nation's largest semiconductor maker lowered its revenue and profit margin forecast.
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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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NEW YORK  -Stocks ended lower on Wednesday as energy shares declined along with oil prices and Intel Corp  posted earnings and a profit outlook that disappointed investors.
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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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Investors are expected to dump technology shares today in the wake of a financial update last night from bellwether Intel Corp. that one analyst called &quot;a disaster.
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he chip giant Intel slashed its revenue and profit margin projections for the third quarter late yesterday, citing unexpectedly weak demand.
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A sell-off in tech stocks following Intel Corp.'s disappointing outlook pushed Asian shares lower on Friday, overpowering pockets of strength in some financial, consumer and industrial issues.
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NEW YORK  -Stocks fell on Wednesday, after Intel Corp  posted both a disappointing profit and outlook, driving the S&P 500 to its lowest closing level in 14 months.
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By JORDAN ROBERTSON  SAN JOSE, Calif. - 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.  Intel shares fell 26 cents to $19.73 in after-hours trading Tuesday.
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Shares of Intel Corp. INTC.O fell  1.8 percent before the bell on Tuesday, a day after rival  Advanced Micro Devices Inc. AMD.N gave a negative financial  update.
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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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Technology stocks sold off on Friday after computer chipmaker Intel cut its revenue forecast, spooking investors already nervous about the strength of consumer and business spending.
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Intel Corp. lowered its revenue projections for its third quarter yesterday, citing slow consumer purchases across the globe.
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NEW YORK Sept. 3, 2004 - US stocks are picked to open lower Friday after Intel Corp.&#39;s outlook soured the picture for the chip sector, but August non-farm payrolls, due out at 8:30 am, should set the tone for trading.
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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 Corp. (INTC.O: Quote, Profile, Research) on Thursday cut its third-quarter revenue and profit margin forecast after demand for both its computer microprocessors
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Shares of chip makers sank in Thursday trading after two US firms lowered their quarterly sales expectations, but the sector saw some relief after National Semiconductor Corp.