Intel's Outlook Fails to Impress the Street

Electronic Arts to acquire Jamdat Mobile, Valor plans to buy Alltel's wireline business, Paramount to bid for DreamWorks Animation, plus more stocks in the news Friday

Intel (INTC ) sees fourth quarter revenue of $10.4 billion to $10.6 billion vs. the previous range of $10.2 billion to $10.8 billion. It narrows gross margin percentage estimates to 63%, plus or minus a point. Capital spending is expected to be below the midpoint of previous estimates of $5.9 billion, plus or minus $200 million.

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