[Reuters] Intel's shock warning sounds alarm for tech sector

Posted by: UGN Security

[Reuters] Intel's shock warning sounds alarm for tech sector - 11/12/08 08:18 PM

NEW YORK (Reuters) - Chip giant Intel Corp cut its fourth-quarter revenue forecast by about 14 percent citing weak demand across the world and in all its products, indicating the economic crisis is set to hurt computer sales in the holiday season and beyond.