Intel gives lukewarm revenue forecast, shares fall

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    Technology News

    Intel processors are displayed at a store in SeoulBy Noel Randewich SAN FRANCISCO (Reuters) – Intel Corp's earnings missed expectations by a penny in the fourth quarter due to weak spending on servers and the chipmaker gave a lukewarm forecast for first-quarter revenue that did little to dispel concerns about a slowing PC industry. Intel said on Thursday it overestimated the extent of a recovery in spending among its data center customers and also pointed to political controversy in Washington, DC. In the December quarter, Intel's PC revenue stayed flat, which it said was slightly better than the company expected. Microsoft Corp's plan to stop supporting its Windows XP operating system in April had spurred hopes that some corporations will replace employees' PCs.

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