Intel (INTC -0.9%) ticks lower after receiving two more estimate cuts, courtesy of Stifel and...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC -0.9%) ticks lower after receiving two more estimate cuts, courtesy of Stifel and JPMorgan. The former is worried about the impact of macro conditions, Windows 8 anticipation, and high ultrabook prices on Q3 results, while the latter says checks indicate customer orders slowed in Q2 due to worries about Euro and Chinese trends. Caris, Baird, and others have already slashed estimates, and it looks as if some near-term pessimism is baked into shares.