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See the best of Reuters photography. See more | Photo caption Putin vs. the wild A look at Russian President Vladimir Putin, a man of the wilderness. Slideshow Colombia's FARC war Colombia and the rebel group FARC are negotiating in the hopes of ending an almost 50 year long war. Slideshow Intel to showcase new chips as investors eye stagnant PC sales Tweet Share this Email Print Related News Apple cuts memory chip order to Samsung for new iPhone: source Thu, Sep 6 2012 Amazon takes on Apple with larger, cheaper Kindle Fires Thu, Sep 6 2012 REFILE-UPDATE 1-Samsung challenge: sold the phone, how to keep the customer Thu, Sep 6 2012 Nokia's new Windows phones, key to its future, disappoint Wed, Sep 5 2012 New Windows phones from Nokia disappoint investors Wed, Sep 5 2012 Analysis & Opinion Amazon and the tablet market’s 7 / 10 split Click, edit, crop or drop Related Topics Tech » Media » iPad » A woman walks past an Intel logo at the 2012 Computex in Taipei June 5, 2012. Credit: Reuters/Yi-ting Chung By Noel Randewich SAN FRANCISCO | Fri Sep 7, 2012 4:02am EDT SAN FRANCISCO (Reuters) - Intel Corp will tout a new generation of processors next week that consume less power, hoping to reinvigorate a stagnant personal computer industry and soothe increasing concerns about its growth. Wall Street is reassessing its outlook for the top chipmaker after Hewlett-Packard Co and Inc warned last month of weak demand for PCs. At least eight analysts have reduced their revenue estimates for the dominant PC chipmaker since August 23, pointing to poor economies in Europe, the United States and China, as well as the growing popularity of mobile gadgets. "The risk of a (negative) preannouncement is extremely high at this point," said Patrick Wang, an analyst at Evercore Partners. "I think the supply chain is reeling at the elevated levels of inventory out there." The top chipmaker is banking on Microsoft Corp's much anticipated launch of its Windows 8 platform in October to help slow the growing numbers of consumers buying smartphones and tablets instead of personal computers. Devices running Windows 8 and powered by Intel's latest components will be a major draw when thousands of technology professionals descend on the annual Intel Developer Forum in San Francisco next week. LOW POWER Analysts on average expect revenue of $14.2 billion when Intel reports its third-quarter results in October, still well within the company's forecast of $13.8 billion to 14.8 billion according to Thomson Reuters I/B/E/S. But in a further sign of growing investor caution, the ratio of put options for Intel shares to call options has risen close to highs not seen since 2006, said Jim Strugger, a derivatives strategist at MKM Partners. Fears of slowing global PC shipments have helped push Intel's shares down about 11 percent since the end of April. At the forum, Intel's next-generation PC processor, codenamed Haswell, will be front and center, with executives talking up improved power performance letting future laptops stay on longer without needing a recharge. Haswell, due to appear in a crop of laptops released for next year's holiday season, will improve on computing and graphics features and is targeted to slash electricity consumption from 17 watts to 10 watts, according to Intel. Intel is also expected to show off a range of Ultrabook laptops powered by recently launched Ivy Bridge processors, as well as hybrid devices with screens that detach from keyboards to be used as tablets. Intel's processors are used in 80 percent of the world's PCs but the Santa Clara, California company has been slow to adapt its chips for smartphones and tablets and now trails Qualcomm Inc and Samsung Electronics Co Ltd, which design their chips using power-efficient technology licensed from ARM Holdings Plc. The combined market for PCs, smartphones and tablets is expected to almost double over the next four years, but Intel's share of the processors used in them will dip from 35 percent to 29 percent, according to a report this week from IHS iSuppli. Underscoring mobile gadgets' heft in the tech industry, Apple on Wednesday will become a distraction for participants at Intel's forum when it holds a nearby event where it is expected to launch its newest iPhone. MORE AND MORE CHOICES The upcoming introduction of tablets running a version of Windows 8 designed to work with ARM-based chips is creating additional uncertainty for manufacturers trying to predict what kinds of new devices will catch on with consumers, said Vijay Rakesh, an analyst at Sterne Agee. Previous versions of Windows worked only with "x86" chips made by Intel and smaller rival Advanced Micro Devices. "The issue is, can we have x86- and ARM-based systems? That's still a question mark," Rakesh said. "And then, what is the pricing of these systems versus the iPads and Kindles and other tablets that are out there?" Intel's new Medfield processor, showcased in phones launched this year in Russia, India and the United Kingdom, surprised some critics who believed the chips would consume too much power. Motorola Mobility, owned by Google Inc, is expected to unveil an Intel-based smartphone in London on September 18, the first of a multi-device agreement with the chipmaker. "They have a respectable seat at the (mobile) table because they surprised a lot of people with Medfield and just how well that did perform," said Patrick Moorhead of Moor Insights & Strategy. "Their big chance to get more credibility will come with Motorola." (Reporting By Noel Randewich; Editing by Richard Chang) Tech Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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