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There's bad news for Intel tomorrow
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Old 15th October 2013, 08:07   #1
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Default There's bad news for Intel tomorrow

The cocaine nose jobs of Wall Street are expecting the fashion bag maker Intel to have a rotten day tomorrow.

Chipzilla is to announce its third-quarter earnings report and the word on the strasse is that it is going to be down for the third quarter in a row.

Research analyst Deepon Nag at Macquarie Equities Research downgraded Intel stock to neutral from outperform, citing 'pressure in the core PC market'.

Last week Canaccord Genuity analyst Bobby Burleson lowered his estimates for Intel's sales and earnings in 2013 and 2014.

According to the US Finance Post, the blame is being attributed to a mythical shift towards smartphones and tablets, along with a more than likely sluggish adoption of Windows 8.
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