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JAN 17, 2013 - Yahoo! News

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Intel revenue forecast short of expectations

SAN FRANCISCO (Reuters) - Intel Corp forecast current-quarter revenue slightly below expectations but its gross margin outlook satisfied Wall Street, as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones. PC makers are struggling to stop a decline in sales as consumers hold off on buying new laptops in favor of spending on more nimble mobile gadgets. Microsoft Corp's long-awaited launch of Windows 8 in October brought touchscreen features to laptops but failed to spark a resurgence in sales that Intel and many PC manufacturers had hoped ... Read More

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