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Monday, December 12, 2011

Stock Alert - Intel (INTC) cuts Q4 guidance - 12/12/11

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.

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