January 4, 2008 / 1:22 PM / 11 years ago

UPDATE 1-RESEARCH ALERT-JPMorgan cuts Intel to neutral

 (Changes source, adds details)
 Jan 4 (Reuters) -
                    INTEL CORP (INTC.O)
                    Current          Prior  Rating                Neutral          Overweight
 —J.P. Morgan Securities said Intel experienced a slowdown in order rates from the personal computer end market and also faces a risk of an inventory correction for personal computer components due to weakening demand and high inventory levels.
 —The brokerage lowered its earnings estimates for the company by 1 cent to $1.23 per share for calendar 2007 and by 2 cents to $1.66 per share for 2008.  (Reporting by Anant Vijay Kala in Bangalore; Editing by Deepak Kannan)   

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