San Jose, CALIFORNIA (dpa-AFX) - Shares in Intel fell by around 9% at
times in after-hours trading on Thursday after the US chip-maker
forecast revenues of between $12.5 billion and $13.5 billion for the
current quarter.

Analysts had expected an average of around $13.6 billion. The
forecast for adjusted earnings per share also fell well short of
expectations.

The forecast shows that Intel CEO Pat Gelsinger still has a lot of
work ahead of him in reorganizing the once dominant chip company. The
competition is not only strong in data centre technology. Gelsinger
wants to achieve the turnaround with new production processes for
more efficient chips.

In the last quarter, Intel increased its turnover by 9% year-on-year
to $12.7 billion, falling slightly short of market expectations. The
bottom line was a loss of $400 million after a loss of $2.8 billion
in the same quarter of the previous year.


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