Intel Corp (INTC)

[VeeCee]

With market up 200+ points this is not good at all.
Here is what I found out. Does not look like a valid reason.
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Intel drops after Intersil reports seeing high PC chip inventories • 2:34 PM
Eric Jhonsa, SA News Editor
Analog/power management IC vendor Intersil (ISIL -12.2%) posted a Q3 miss and light Q4 guidance, and forecast on its CC (transcript) its computing market sales would fall "as much as 20% to 25% sequentially in Q4."
Intersil attributed roughly half of the decline to to lower PC builds, and the other half to an inventory correction. "In computing, we're seeing an imbalance between inventory builds and end demand, which will impact Q4."
Intel (INTC -3.8%) is selling off on a day the Nasdaq is up 0.4%. The chip giant provided a Q3 beat and solid Q4 guidance two weeks ago, but sold off afterwards as analysts argued the gap between Intel's PC CPU sales growth and industry growth was partly due to an inventory build.
Intersil, whose ICs regulate power flows on PC motherboards, expects the inventory correction to be over by Q1, and is counting on the launch of Intel's 14nm Skylake platform (the successor to the just-launched Broadwell, due in 2H15) to provide a boost next year.
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