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Published January 08, 2009, 12:00 AM

Intel will miss its already low targets

Even after sharply reducing its outlook for the fourth quarter, Intel Corp. said Wednesday that it would miss its revenue projection by about $500 million, a sign that PC makers and buyers are being more tightfisted than it seemed only two months ago.

SAN FRANCISCO (AP) — Even after sharply reducing its outlook for the fourth quarter, Intel Corp. said Wednesday that it would miss its revenue projection by about $500 million, a sign that PC makers and buyers are being more tightfisted than it seemed only two months ago.

Santa Clara, Calif.-based Intel, the world’s largest chip maker, now says revenue was $8.2 billion for the last three months of 2008, a 23 percent decline from the year-ago period.

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