Intel’s weak outlook, spending hikes unnerve Wall Street
SAN FRANCISCO (Reuters) – Intel Corp’s forecast quarterly revenue that disappointed Wall Street, while a sharp increase in capital spending it plans for 2013 unnerved investors already concerned about slow demand for personal computers. Shares of the world’s leading chipmaker slid more than 5 percent in after-hours trade on Thursday after it projected this year’s capital spending at $13 billion – plus or minus $500 million – exceeding many analysts’ estimates for about $10 billion. . . .
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