Intel lowers quarterly revenue forecastMarch 12, 2015 - 17:44 AMT PanARMENIAN.Net - Intel is lowering its first-quarter revenue forecast, partly because of softer-than-expected demand for business desktop PCs, the Associated Press reports. The company said its outlook was also changed due to lower-than-expected inventory levels across the PC supply chain. Shares fell more than 4 percent in Thursday, March 12, premarket trading. Intel Corp. said that it believes the changes to demand and inventory patterns are caused by fewer medium and small businesses refreshing Windows XP than expected, as well as increasingly difficult economic and currency conditions, particularly in Europe. The company now expects first-quarter revenue to be $12.8 billion, plus or minus $300 million. Its prior guidance was for revenue of $13.7 billion, plus or minus $500 million. Analysts surveyed by FactSet predict $13.71 billion in revenue. Intel, based in Santa Clara, California, will report its first-quarter financial results on April 14. Photo: Phandroid Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |