Intel Profits Slide On PC SlumpIntel said its third-quarter profit fell 6.3 percent
from the year-earlier period on a small revenue decline. Intel’s PC chip
shipments fell 19 percent, but this was partly offset by a 15 percent lift in
average selling prices.

In all, the chip maker reported Q3 net income of US$3.11 billion, down from
profit in the year-earlier period of $3.32 billion. Revenue declined from
$14.55 billion to $14.47 billion. For the current fourth financial quarter, the
company has estimated revenue of $14.8 billion, plus or minus $500 million.