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Trading the QQQQ Trading the QQQQ: MSN Money Intel narrows revenue outlook

Thursday, December 08, 2005

MSN Money Intel narrows revenue outlook

SAN FRANCISCO (Reuters) - Intel Corp. on Thursday set a sales target slightly below the Wall Street average, sending shares lower as the world's largest chip maker dashed some hopes raised by more bullish rivals.
Intel, which makes the microprocessors found in nearly 90 percent of personal computers worldwide, said it now expects revenue of $10.4 billion to $10.6 billion, in the middle of its previous range of $10.2 billion to $10.8 billion.

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