Hajj Ministry sets April 29 as last date for departure of Umrah pilgrims    6.8 million people travel via four Saudi airports during 2025 Umrah season    TASI recoups losses, records highest close since December 2024    Dar wa Emaar hosts annual Eid Al Fitr community celebration with residents at Saraya Al Narjis in Riyadh    Ithra to showcase its art collection at Riyadh Art Week    US defends tariffs on remote island of penguins and seals    Israeli protesters urge Netanyahu to secure hostage deal during meeting with Trump    Palestinian teen died in Israeli prison after suffering 'likely prolonged malnutrition', autopsy finds    Saudi U-17s qualify for 2025 FIFA World Cup after win over Thailand    Saudi Arabia imposes SR100,000 fine on Hajj and Umrah firms for not reporting visa overstays    The Seven Dogs wraps filming in Riyadh with a budget exceeding $40 million    Trump's crackdown on university protests is casting a long shadow    Al-Jasser: work is underway to restructure and develop aviation infrastructure    Virtual Notary Public provided over1.4 million digital documentation services in 2024    Moussa Diaby praises Al Ittihad's resilience after Jeddah Derby draw "When you can't win, you take a point"    Benzema rescues Al Ittihad with stoppage-time equalizer in thrilling Jeddah Derby    Al Qadsiah and Al Ettifaq share spoils in tense Eastern Derby stalemate    Riyadh Art Week launches with over 50 galleries showcasing global artistic dialogue    Turki Al-Sheikh announces five new Saudi film projects to be produced in Riyadh    Saudi Ministry of Education to showcase innovations at 2025 Geneva International Exhibition    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Intel lowers sales targets amid gloomy economy
Published in Saudi Press Agency on 27 - 08 - 2010


Amid growing fears over the health of the
US and world economies, Intel Corp on Friday lowered its sales
forecast for the third quarter citing lower than expected demand for
personal computers.
The world's largest maker of computer chips said it expected
revenue of between 10.8 billion dollars and 11.2 billion dollars -
significantly lower than the rosy forecast it issued just last month
of between 11.2 billion dollars and 12 billion dollars, dpa reported.
"Revenue is being affected by weaker than expected demand for
consumer PCs in mature markets," Intel said. "Inventories across the
supply chain appear to be in-line with the company's revised
expectations."
Intel powers 80 per cent of the world's personal computers and its
revised forecast followed a report from research firm Gartner which
slashed its previously upbeat assessment of world technology
spending.
Intel is regarded as a bellwether for the tech economy, and had
seen its position improve dramatically over the last year as
consumers and businesses loosened their purse strings and the
popularity of Microsoft's Windows 7 operating system prompted a new
wave of computer upgrades.
Intel's long-term prospects however are clouded by a shift to
online and mobile computing where high performance PCs are
increasingly being replaced by smartphones, netbooks and tablet
computers that use internet-based servers to perform many of the
tasks previously handled by PCs.


Clic here to read the story from its source.