Intel cuts forecast amid broad spending slowdown

Due to an editing error, the story "Intel cuts forecast amid broad spending slowdown," which ran on the wire Wednesday, gave the wrong date for the end of Intel's fourth quarter. The quarter ends Dec. 27.

The third paragraph of the story has been corrected and now reads:

Intel now expects its revenue for the quarter ending Dec. 27 to be about US$9 billion, plus or minus $300 million, down from its earlier forecast of $10.1 billion to $10.9 billion, the chip maker said. Analysts had been expecting revenue of $10.3 billion, according to a poll by Thomson Reuters.