Chip maker Intel last night narrowed its revenue forecast for the first quarter of this year, disappointing the market.
It said revenue for the period would be between $8 billion and $8.2 billion, compared with a previous forecast of $7.9 billion to $8.5 billion.
The company left its margin forecast unchanged at 60%.
Intel said demand for its products 'is consistent with the lower end of normal seasonal patterns and significantly higher than in the same period last year'.
