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Intel Trims Q1 Profit Projections

An oversupply of flash memory chips is continuing to drive down prices

By Jim O'Neill,  Newser User

Posted Mar 4, 2008 7:12 AM CST

(Newser) – Falling prices for flash memory prompted chipmaker Intel Corp to trim its first quarter gross-profit projection slightly yesterday, driving share prices down nearly 3% in after-hours trading, reports Bloomberg. Analysts said oversupply for NAND flash chips—used in cameras, music devices, and mini-storage devices—would...   Read full story »

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