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Intel’s Sales Forecast Trails Estimates as PCs Lose Favor

Intel Corp., the world’s largest semiconductor maker, forecast third-quarter sales that may fall short of some analysts’ estimates as a slump in the personal-computer market erodes its largest business.

Revenue in the current period will be $13.5 billion, plus or minus $500 million, the Santa Clara, California-based company said yesterday in a statement. Analysts on average had predicted sales of $13.7 billion, according to data compiled by Bloomberg. Intel shares dropped 3.8 percent.