Intel's revenue forecast meets expectations

By Noel Randewich (Reuters) - Intel Corp forecast June-quarter revenue in line with expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones. Intel said its first-quarter revenue was $12.58 billion, down from $12.91 billion in the year-ago quarter. The world's largest chipmaker forecast June-quarter revenue of $12.9 billion, plus or minus $500 million. Analysts had expected $12.588 billion in revenue for the first quarter and $12.854 billion for the June quarter, according to Thomson Reuters I/B/E/S. ...

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