MSN Money Intel narrows revenue outlook
by ShepWave.com
Posted: 12/8/2005 22:22 EST
SAN FRANCISCO (Reuters) - Intel Corp. on Thursday set a sales target slightly below the Wall Street average, sending shares lower as the world's largest chip maker dashed some hopes raised by more bullish rivals.
Intel, which makes the microprocessors found in nearly 90 percent of personal computers worldwide, said it now expects revenue of $10.4 billion to $10.6 billion, in the middle of its previous range of $10.2 billion to $10.8 billion.
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