Im thinking this morning how is this possible, "DIFFICULT ECONOMIC CONDITIONS" really? I guess the intel news today and the fedex news the other day is just news that isnt worth hearing on wallstreet, guess the news out of europe and their bailout plans are more important news wise than some of the biggest companies here in the US warning of slowing sales and earnings. Intel Cuts Revenue Outlook on Softer Demand The Associated Press | September 07, 2012 | 09:10 AM EDT Intel is cutting its third-quarter revenue forecast due to softer-than-expected demand for its chips amid difficult economic conditions. Intel chips go into about 80 percent of personal computers and into a vast number of servers as well, making it a bellwether for spending on computers. The company now expects revenue of about $13.2 billion, but says that figure could be up or down $300 million. Its prior guidance was for revenue between $13.8 billion and $14.8 million. Analysts surveyed by FactSet predict revenue of $14.21 billion. Intel shares [ INTC 24.37 -0.725 (-2.89%) ] dropped in trading before the market open. Intel said emerging market demand is slowing and that there is weakness in its enterprise PC unit. It is also seeing customers trimming inventory in the supply chain compared to the normal inventory growth it typically sees in the third quarter. Intel said that its data center business is meeting expectations. The Santa Clara, Calif., company also lowered its gross margin forecast to 62 percent, give or take 1 percentage point. Its previous forecast was for gross margin of 63 percent, give or take 2 percentage points. The company will report its third-quarter financial results on Oct. 16.