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Intel lowers Q1 gross margin forecast due to lower NAND flash prices

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Intel lowers Q1 gross margin forecast due to lower NAND flash prices

Intel lowered its first-quarter gross margin forecast to 54%, plus or minus a point, as compared to the previous forecast of 56%, plus or minus a couple of points, due to lower than expected prices for NAND flash memory chips. All other expectations are consistent with the first quarter business outlook.

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