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Intel (INTC) -2.3% premarket after issuing downside guidance for Q3, lowering projected revenues...

Intel (INTC) -2.3% premarket after issuing downside guidance for Q3, lowering projected revenues ~7% to $12.9B-$13.5B from $13.8B-$14.8B due to "weaker than expected demand in a challenging macroeconomic environment." INTC sees customers reducing supply chain inventory, softness in the enterprise PC market segment, and slowing emerging market demand.
Comments (13)
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    Someone in Intel should call Draghi to ask for a formal bailout; I am sure the later will then purchase an "unlimited" amount of processors with "tough conditions". Win for everyone!!!
    7 Sep 2012, 08:48 AM Reply Like
  • Daniel Banaszak
    , contributor
    Comments (160) | Send Message
     
    Unfortunately, Intel is neither systemically important enough nor has it leveraged itself nearly enough to make that a possibility. What it first needs to do, is go on a borrowing spree like there is no tomorrow. If you've borrowed enough money, we just MIGHT bail you out.
    7 Sep 2012, 09:05 AM Reply Like
  • fish4uinmd
    , contributor
    Comments (164) | Send Message
     
    Buy more on dips...INTC's presence, R&D and balance sheet can hardly be matched!
    7 Sep 2012, 08:51 AM Reply Like
  • stephenelkins
    , contributor
    Comments (105) | Send Message
     
    Absolutely agree!
    7 Sep 2012, 07:05 PM Reply Like
  • GaltMachine
    , contributor
    Comments (1135) | Send Message
     
    INTC & FDX major lowering of forecasts suggests that you can have a sell-off without a recession this time around simply due to earnings. Slowing growth might mean slowing profit growth and revenue growth for the market overall.

     

    Starting to look like those forward earnings estimates may be overly ambitious.
    7 Sep 2012, 09:25 AM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Don't worry QE means the market will skyrocket.
    7 Sep 2012, 09:48 AM Reply Like
  • billpacht
    , contributor
    Comments (2) | Send Message
     
    Great news, will cover short today.
    7 Sep 2012, 09:33 AM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (8819) | Send Message
     
    Hurry up. But seriously, good job if you shorted at $26+. We're all in this to make money...even if I totally disagree with $INTC shorts :)
    7 Sep 2012, 09:43 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Following ARMH's warnings. Better to short ARMH.
    7 Sep 2012, 11:04 AM Reply Like
  • mikeurl
    , contributor
    Comments (422) | Send Message
     
    Wow, taking revenue down over a billion dollars is huge. I suspect that the consumer PC division is finally going to take a hit. With the rise of tablets and tablet-like devices it was inevitable that traditional power-hungry intel chips would decline.

     

    Intel will still own the server space and that is a high margin business. And they will still do great in traditional PCs/laptops but they are going to lose the tablet AND smartphone markets. There is no way they can shift their design enough to keep up with the likes of Qualcomm and Nvidia--at least not near-term.

     

    Longer term it is a good idea to have to have some money in Intel. But they have some seriously stressful quarters ahead as they adjust to a PC market that is shifting under their feet and a LOT of sunk costs in power-hungry chip designs and fabs.
    7 Sep 2012, 11:08 AM Reply Like
  • InvestingInMobile
    , contributor
    Comments (53) | Send Message
     
    Not to mention that the competition will result in major reductions in margins and earning for INTC moving forward. They are faced with reductions to unit sales as tablets eat into PC sales or, if they are lucky, a lower price per unit in an attempt to hold unit sales.
    7 Sep 2012, 02:06 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    This should be even more disconcerting ahead of the Windows 8 launch.
    7 Sep 2012, 11:18 AM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (2153) | Send Message
     
    Let's see if they're willing to raise the dividend despite all this.

     

    "Follow the money"
    9 Sep 2012, 04:39 PM Reply Like
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