The Intel Corporation, the semiconductor maker, lowered its profit forecast Monday for its first quarter, blaming a steep drop in prices for memory chips for the shortfall.
The company said slumping prices for a type of memory called NAND flash had depressed profits more than anticipated. NAND flash is used in portable electronic devices like digital cameras and MP3 players.
04 March, 2008
Intel Lowers Gross Profit Forecast for First Quarter
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