Mentioned during Intel's Q3 earnings call (webcast): Q4 gross margin weakness has much to do with capacity adjustments rather than price cuts or mix shifts. But the company is taking "aggressive tactical actions" to lower inventory, as PC demand stays soft and OEMs prove cautious about placing orders. Also, enterprise server demand has softened, though cloud sales are strong. Intel's inventory and capex guidance suggest it isn't counting on PC demand rebounding strongly anytime soon. INTC -3.3% AH.
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