Intel cuts Q3 revenue outlook, shares fall

NEW YORK (MarketWatch)
Computer chip firm Intel Corp [s:intc] on Friday morning said that its third-quarter revenue will fall below its previous estimates
The company said it now expects third-quarter revenue to be $13.2 billion, plus or minus $300 million, compared to the previous expectation of $13.8 billion to $14.8 billion
The firm said it is "seeing customers reducing inventory in the supply chain versus the normal growth in third-quarter inventory; softness in the enterprise PC market segment; and slowing emerging market demand
The data center business is meeting expectations."