Intel's third-quarter results met the very modest targets the company had set.
Profit margins were high – in part because Intel is cutting spending amid sluggish sales and product delays.
The company forecast $13.7 billion in fourth-quarter sales, below analyst expectations of $14 billion. And the company postponed launch of its new, 14nm Broadwell microprocessor for three months, pushing it back into the first quarter of 2014. By itself, the delay isn’t a big deal, but it’s an ominous sign for a company that wants to move faster to keep up with a rapidly evolving marketplace.
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