08.27.2010 - Intel's Third-Quarter Below Expectations

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. - View Press Release - Visit Intel Corporation