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Stock futures take a new leg down as Intel (INTC) cuts Q4 guidance, expecting revenue of...

Stock futures take a new leg down as Intel (INTC) cuts Q4 guidance, expecting revenue of $13.4B-$14B against a previous estimate of $14.2B-$15.2B. The firm blames a reduction in inventories and microprocessor purchases across the PC supply chain due to hard disc drive supply shortages. Shares -3.4% premarket. (PR)
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Comments (5)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
    Who did not know this was coming after all of the news about flooding in the disc drive producing areas? Please raise your hand if this is new news.
    12 Dec 2011, 09:17 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7316) | Send Message
    Why would people sell on this new? Crazy.
    12 Dec 2011, 09:58 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9964) | Send Message
    Who would buy on this news? Crazy.
    12 Dec 2011, 07:23 PM Reply Like
  • HedgeBoss
    , contributor
    Comments (13) | Send Message
    Sell, sell, sell. The hedgefunds need your basis for year-end profit rush.
    12 Dec 2011, 10:21 AM Reply Like
  • cynic2011
    , contributor
    Comments (652) | Send Message
    bought some intc yesterday.


    despite its range-boundness for the last few years intc has been a fantastic trading vehicle. with their pristine finances, nice dividend (which has been increased regularly) and stock buybacks, it's been one of the most profitable positions I have.
    13 Dec 2011, 06:44 AM Reply Like
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