Santa Clara, Calif. - Plagued by "significantly weaker-than-expected demand" for its computer chips, Intel (NASD: INTC) said late Wednesday that its fourth-quarter revenue should come in well below its previous guidance.

The company now expects revenue to be roughly $9 billion, lower than its previous expectation of between $10.1-$10.9 billion.

Gross margin, as well, is expected to come in at around 55%, down from previous estimates of 59%.

Intel is scheduled to deliver its fourth quarter results on Jan. 15.

Related Links:
http://www.intc.com/releasedetail.cfm?ReleaseID=347468