Intel cuts fourth quarter forecasts

Intel Corp warned today that its fourth-quarter results would miss the company's previous forecast due to hard disk drive supply…

Intel Corp warned today that its fourth-quarter results would miss the company's previous forecast due to hard disk drive supply shortages.

The world's largest chipmaker said quarterly revenue is now seen at $13.7 billion (€10.3 billion), plus or minus $300 million, versus $14.65 billion expected by analysts.

Intel said non-GAAP gross margin is expected to be around 65.5 per cent in the quarter.

Reuters

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