Visitors look at tablets at the Intel booth during the 2014 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 3, 2014.
Credit: /Pichi Chuang
- Intel Corp (INTC.O) slashed its revenue forecast for the first quarter, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain.
The chipmaker's shares fell 4 percent in premarket trading.
Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million. It had earlier forecast$13.7 billion, plus or minus $500 million.
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