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Intel foresees Q2 sales decline as smartphones take over

Reuters/ AFR | April 17, 2013
Intel said its current-quarter revenue would decline as much as 8 per cent and trimmed its 2013 capital spending plans, as personal computer sales drop.

"These numbers are not very solid, but the second-quarter guidance is better than feared. Conditions are probably not as bad as industry reports have suggested recently," said Doug Freedman, an analyst at RBC Capital.

Shares of Intel edged down less than 1 per cent in extended trade after closing up 2.5 per cent at $US21.91 on Nasdaq.

 

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