Intel issues lower forecast

Intel issues lower forecast

Intel announced a downbeat forecast and cut its sales targets for the rest of the year.

"Consumer market growth in Europe and North America is not forecast to recover as quickly as we had anticipated," Intel Chief Executive Paul Otellini warned on an analyst conference call.

The cool forecast bears on the entire global economy. Intel makes the chips that power more than 80 percent of the world's PCs, so its slowdown could signal troubles ahead across a broad spectrum of industries.

Read more at OregonLive.com.

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