Intel’s weak outlook, spending hikes unnerve Wall Street

Home Forums Intel’s weak outlook, spending hikes unnerve Wall Street

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 5 years, 10 months ago.

  • Author
    Posts
  • #2332

    Anonymous

    Technology News

    File photo of showgoers visiting the Intel booth on the first day of the Consumer Electronics Show in Las VegasSAN FRANCISCO (Reuters) – Intel Corp's current-quarter revenue forecast disappointed Wall Street, while a sharp rise in planned 2013 capital spending unnerved investors who expect personal computer demand to dwindle. Shares of the world's leading chipmaker slid more than 5 percent after it projected 2013 capital spending at $13 billion – plus or minus $500 million – exceeding many analysts' estimates for about $10 billion. Intel said $2 billion of its increased spending would go toward expanding a facility for researching future manufacturing technology. …


You must be logged in to reply to this topic.

Share
Tweet
Share
Pin
+1