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Intel Price Target Cut to $35.00

2015-03-12 19:35:04| Agriculture - Topix.net

The firm currently has a "buy" rating on the stock. Topeka Capital Markets' price target indicates a potential upside of 8.23% from the company's current price.

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Intel Price Target Cut to $31.00

2015-03-12 19:35:03| Agriculture - Topix.net

The firm currently has a "market perform" rating on the stock. Northland Securities' price target suggests a potential downside of 4.14% from the stock's previous close.

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Intel cuts first-quarter revenue forecast by nearly $1 billion

2015-03-12 15:30:28| Agriculture - Topix.net

Intel Corp slashed its revenue forecast for the first quarter by nearly $1 billion, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million.

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Intel slashes first-quarter revenue forecast

2015-03-12 15:30:27| Agriculture - Topix.net

Intel Corp slashed its revenue forecast for the first quarter, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million.

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Intel cuts Q1 revenue outlook on weak PC market

2015-03-12 15:10:00| Telecompaper Headlines

(Telecompaper) Intel has cut its outlook for revenues in the first quarter, citing a weak business market for desktop PCs and supply chain shortages in the PC industry. The world's largest chipmaker now expects revenue of USD 12.8 billion for Q1, plus or minus USD 300 million, compared to the previous forecast of USD 13.7 billion, plus or minus USD 500 million. Intel said the weaker market may be due to slower Windows XP replacements in the small business market than previously expected, as well as the "increasingly challenging macroeconomic and currency conditions, particularly in Europe". The company noted that its data centre business is meeting expectations. Intel maintained its outlook for a gross margin of around 60 percent, as the lower PC volumes were offset by higher average selling prices. It will update its longer-term guidance when it reports quarterly results 14 April. 

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