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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Search Search: Intel warns economic crisis may hurt business AFP - Saturday, November 1 NEW YORK (AFP) - - Intel Corp. warned on Friday that the economic slowdown may hurt its business but the world's biggest computer chipmaker maintained its fourth-quarter revenue projections. "The recent financial crisis could negatively affect our business, results of operations, and financial condition," Intel said in a regulatory filing with the Securities and Exchange Commission (SEC). "Current uncertainty in global economic conditions poses a risk to the overall economy as consumers and businesses may defer purchases in response to tighter credit and negative financial news, which could negatively affect product demand and other related matters," the California group said. "If demand for our products fluctuates as a result of economic conditions or otherwise, our revenue and gross margin could be harmed," the Santa Clara, California-based company said. "There could be a number of follow-on effects from the credit crisis on Intel's business, including insolvency of key suppliers resulting in product delays; inability of customers to obtain credit to finance purchases of our products and/or customer insolvencies," Intel added. Intel nevertheless said it still expects fourth-quarter revenue of between 10.1 billion dollars and 10.9 billion dollars, capital spending for the year of five billion dollars, give or take 100 million dollars, and 5.9 million dollars on research and development. Earlier this month, Intel reported profit of 2.0 billion dollars in the third-quarter of the year, up 26 percent on the previous quarter, with earnings per share of 35 cents, slightly better than analysts' forecasts of 34 cents. Intel's share price was trading 2.10 percent lower in New York on Friday at 15.83 dollars about two hours after the market opened. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology Google, Yahoo may walk away from ad deal: WSJAFP - Saturday, November 1 Intel warns economic crisis may hurt businessAFP - Saturday, November 1 Computer makers recall 100,000 Sony batteriesAFP - Saturday, November 1 Japan's NTT DoCoMo aims to offer custom mobile phone videosAFP - Saturday, November 1 Nintendo expects strong launch for DSi console: presidentAFP - Saturday, November 1 Enlarge Photo Intel Corp. warned on Friday that the economic slowdown may hurt its business but the world's biggest computer chipmaker maintained its fourth-quarter revenue projections. Most Popular – Technology Viewed Japan joins wave of rate cuts as recession fears grow McCain, Obama step up battleground blitz Australian F1 race posts record financial loss BBC chief quits, star presenter suspended over offensive prank When men see red, they see hot: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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