This post was updated at 11:16 a.m. PST with comments from a Friedman, Billings, Ramsey & Co. analyst.
Intel warned Wednesday that its fourth-quarter revenue will fall $2 billion short of its original forecast, due to PC makers curtailing chip orders.
The announcement comes less than two months after Intel warned on November 12 that its fourth-quarter performance would fall below its original forecast.
Revenue is now expected to be about $8.2 billion, down 23 percent over the same quarter in the previous year and down 20 percent sequentially.
On November 12, Intel said it expected revenue … Read more