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08.27.2010 - Intel's Third-Quarter Below Expectations



View Intel-Press related news. SANTA CLARA, Calif., Aug. 27, 2010 - Intel Corporation today announced that third-quarter revenue will be below the company’s previous outlook. The company now expects third-quarter revenue to be $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 PCs in mature markets. Inventories across the supply chain appear to be in-line with the company’s revised expectations.

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NID: 34671 / Submitted by: The Zilla of Zuron
Categories: Press Release
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