SANTA CLARA (Reuters) - Intel Corp. (NasdaqNM:INTC - news) said on Thursday that sales for the third quarter will be at the lower end of a range it set in July as the world's biggest semiconductor maker grapples with a global slowdown in personal computer sales.
In mid-July, Santa Clara, California-based Intel forecast a wide range for third-quarter sales of $6.2 billion to $6.8 billion, a decline of as much as 29 percent from the company's 2000 third-quarter sales of $8.73 billion.
Before Thursday's update, the 23 analysts surveyed by Thomson Financial/First Call expected Intel to post earnings of 8 cents to 13 cents a share, with the consensus at 10 cents. The mean sales forecast, based on 11 estimates, was for $6.41 billion.
