Intel ( INTC ) stock has been halted as the company is coming out tonight, 11/12/08, saying that business is weaker then expected. Intel see revenue at about 9 Billion. INTC sees weakening in all market segments. Intel says it was looking for revenue at about 10.1 - 10.9 billion.
Intel Gross margins - INTC sees 55% gross margin ( plus or minus a few points ) vs 59% gross margin.
Stock Market Futures are tanking on this news.....looks like yet another ugly day for trading tomorrow!