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Intel Falls on Projected Slowdown in Corporate Server Demand

  • Sales of server chips rise, but businesses are scaling back
  • PC-group revenue declines as market remains in a slump
Updated on

Intel Corp. declined after saying a slowdown in demand from corporations threatens to curb sales at its server-chip division -- one of the few bright spots at a company beset by a personal-computer slump.

The world’s largest chipmaker reported third-quarter results that reflected the anemic PC market and forecast fourth-quarter revenue that was in line with analysts’ estimates. Sales in the current period will be $14.8 billion, plus or minus $500 million, Intel said Tuesday in a statement. On average, analysts projected $14.8 billion, according to data compiled by Bloomberg.