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Intel revises 1Q forecasts

SAN JOSE, Calif.-Intel Corp. said it does not anticipate an economic recovery, adding that it expects first-quarter revenues between $6.6 billion and $6.8 billion, compared with its forecast of between $6.5 billion and $7 billion.

“I don’t look at what we see here and see signs of an economic recovery,” said Andy Bryant, chief financial officer at Intel.

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