INTC: Intel's 2008 outlook causes shares to fall

Intel's 2008 outlook causes shares to fall

Despite a good 4Q07, Intel's outlook for 1Q08 was not favorable for investors. Intel projected revenue between $9.4 and $10 billion, less than the 4Q07 of $10.7 billion. Intel also expects memory oversupply to continue to negatively affect average selling price.

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