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Coronavirus clouds Intel outlook, despite short-term PC buying bump

By Stephen Nellis and Munsif Vengattil on Apr 24, 2020 1:44PM

Coronavirus clouds Intel outlook, despite short-term PC buying bump

Cites the cost of readying a new PC chip, economic uncertainty.

Intel on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it could not make a forecast for the full year because of economic uncertainty caused by the coronavirus pandemic. Intel's shares fell 6 percent in extended trading, ...

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