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Intel revises 3Q revenue, expected to meet forecast

SAN FRANCISCO-Intel Corp. has revised its third-quarter revenue in line with market expectation, and analysts anticipate the chipmaker to meet its forecast of between $6.3 billion and $6.7 billion.

The company, which is gearing up to host its annual Intel Developer Forum, said its revenue is a little below $6.6 billion. Its shares and those of other telecom firms rose on the news.

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