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[sharechat] Smell of blood

From:	"David Reid" <aspex@ix.net.nz>
Date:	Fri, 22 Sep 2000 16:09:20 +1200

Intel warning

SANTA CLARA, Calif. (Reuters) - Citing weak European demand for its microchips, Intel Corp. (INTC.O) on Thursday said it expects third quarter revenues to fall below previous forecasts, and now sees a rise of only about 3 percent to 5 percent from second quarter sales of $8.3 billion.

The late afternoon announcement by the world's largest maker of computer microchips follows recent speculation in the market that global demand for microchips may be slipping.

Earlier this month, U.S. Bancorp Piper Jaffray analyst Ashok Kumar issued a report forecasting a slowdown in chip demand in all markets around the world, except Japan.

David Reid

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Re: [sharechat] Smell of blood Brian Gale

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