The Rising Influence of Rising Affluence

[DewDiligence]

INTC cuts guidance for 1Q15 and withdraws full-year 2015 guidance:

http://finance.yahoo.com/news/intel-lowers-first-quarter-revenue-130000946.html

Intel Corporation today announced that first-quarter revenue is expected to be below the company's previous outlook. The company now expects first-quarter revenue to be $12.8 billion, plus or minus $300 million, compared to the previous expectation of $13.7 billion, plus or minus $500 million.

The change in revenue outlook is a result of weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain.

…All other expectations have been withdrawn and will be updated with the company's first-quarter earnings report on April 14.