Intel Warns of Revenue Shortfall Again

Iria · Mar 3, 2006, 03:47 PM

Intel warned investors Friday that it would miss its original revenue targets, making it the third consecutive quarter it has had to lower expectations for Wall Street. News of the miss sent the company's stock down almost five percent in late morning trading before rebounding late in the day.

The Santa Clara, Calif., chipmaker cited "weaker than expected demand and a slight market segment share loss" as a reason for the decline. Competitor AMD has been making inroads over the past few months, beating its larger rival to market with several new technologies, especially in 64-bit chips.
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Read More / Source: BetaNews

Mar 3, 2006, 03:47 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 74	Intel Warns of Revenue Shortfall Again Intel warned investors Friday that it would miss its original revenue targets, making it the third consecutive quarter it has had to lower expectations for Wall Street. News of the miss sent the company's stock down almost five percent in late morning trading before rebounding late in the day. The Santa Clara, Calif., chipmaker cited "weaker than expected demand and a slight market segment share loss" as a reason for the decline. Competitor AMD has been making inroads over the past few months, beating its larger rival to market with several new technologies, especially in 64-bit chips. ____________ Read More / Source: BetaNews