Intel Cuts Q3 Sales Forecast Amid Weak Demand

http://www.bloomberg.com/news/2012-09-07/intel-cuts-third-quarter-sales-forecast-citing-weak-demand.html

Intel Corp. (INTC), the world’s largest semiconductor maker, slashed its third-quarter sales forecast, citing declining demand for personal computers from corporate customers in a weakening economy.

Sales will be $12.9 billion to $13.5 billion, down from a prior projection of $13.8 billion to $14.8 billion, the Santa Clara, California-based company said in a statement yesterday. Analysts on average had estimated sales of $14.2 billion, according to data compiled by Bloomberg.