Intel Faces Demand Doubt – fourth-quarter earnings reported today!
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It’s been a rough start to the year for Intel’s stock. After only two weeks of trading, the chipmaker’s shares are down more than 12% in 2008, closing Monday at $23.08. Now, the company will get a chance to answer the bears when it reports fourth-quarter earnings after Tuesday’s close.
The big question hanging over Intel — as well as the overall tech sector — is whether a slowing economy will derail sales of PCs and other electronic goods. Some investors fear a recession is around the corner; others believe consumer spending is already drying up. The bear case was in full force earlier this month when two financial analysts hit Intel with back-to-back downgrades, warning of weakening PC orders and rising inventory levels.
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