Intel's revenue forecast meets expectations

By Noel Randewich (Reuters) - Intel Corp forecast June-quarter revenue in line with expectations and trimmed its capital spending plans as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones. Intel and personal computer makers are struggling to stop a decline in shipments as consumers hold off on buying new laptops in favor of more nimble mobile gadgets. "These numbers are not very solid, but the second-quarter guidance is better than feared. ...

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