Intel lowers Q1 gross margin forecast due to lower NAND flash memory prices (INTC) 20.01 +0.04 :
Co today lowered its Q1 gross margin forecast to 54%, plus or minus a point, as compared to the previous forecast of 56%, plus or minus a couple of points, due to lower than expected prices for NAND flash memory chips. All other expectations are consistent with the first-quarter Business Outlook. Status of Business Outlook: During the remainder of the week, INTC's corporate representatives may reiterate the Business Outlook during private meetings with investors, investment analysts, the media and others. From the close of business on March 7 until publication of the co's Q1 2008 earnings release, INTC will observe a "Quiet Period" during which the Business Outlook disclosed in the co's press releases and filings with the SEC should be considered to be historical, speaking as of prior to the Quiet Period only and not subject to an update by the co.
