Intel Slips

Xilinx drops; Cypress Semiconductor declines; plus more of Friday's stocks in the news

Intel (INTC ) lowered the $8.6 billion to $9.2 billion third-quarter revenue outlook to $8.3 billion to $8.6 billion. Intel says worldwide demand for its Architecture products is trending below expectations, and that communications revenue is weaker than expected. S&P and Lehman cut their estimates.

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