[October 15, 2008] Intel Warns About Lower Technology Spending Tweet Oct 15, 2008 (financialwire.net via COMTEX) -- October 15, 2008 (FinancialWire) -- Intel (NASDAQ: INTC) (Current Market Cap: US$89.56 Bil.) posted a 12% jump in third-quarter profit and pointed to continued sales growth in the current period, but cautioned that the outlook for spending on technology products is uncertain. Other companies in INTC's sector include Advanced Micro Devices Inc. (NYSE: AMD), Texas Instruments Inc. (NYSE: TXN), and STMicroelectronics NV (NYSE: STM). The big chip maker said it is hard to assess the impact of the current financial crisis and projected an unusually broad revenue range for its coming quarter. Intel, which supplies the chips that serve as the brains of most personal computers, reported that third-quarter revenue rose 1% to $10.22 billion, and forecast sales for current quarter of between $10.1 billion and $10.9 billion. Intel's shares traded at $15.93, off $1.06, but rebounded in after-hours trading to $16.64 on Tuesday. Intel Corp. was enrolled in Investrend Research affiliate The Matterhorn Group's professional analyst program. Complete information is available at the company's InvestorPower" page, which is accessible from http://www.investrend.com/company/list.asp?sPathParam=yes . FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to [email protected] . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 . http://www.financialwire.net [ Back To TMCnet.com's Homepage ]