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Intel with sales decline

Intel with sales decline

The turnover of the world's largest chip manufacturer Intel was worse than expected due to insufficient demand in Europe. The company now expects worldwide sales of 6.2 to 6.5 billion US dollars for the period from April to June.

Up to now, Intel had actually expected sales of around 6.4 to 7 billion US dollars. Dollar sales. In the first quarter of the current year 2002, Intel was able to record sales of 6.781 billion US dollars, which represents an increase of around two percent over the first quarter of 2001, but is around three percent less than in the previous quarter. As a result of this message, the Intel share came under pressure in after-hours trading: In normal trading, it has already lost 4.2 percent. The reason for this is the US financial house Merrill Lynch, which had withdrawn the purchase recommendation for the company before Intel announced it.

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