Intel Says 1st-Quarter Sales to Miss Forecasts

Intel Corp., the world’s biggest maker of computer chips, said first-quarter sales probably would miss analyst forecasts. Demand for chips is at the lower end of what is typical in this period, the company said.

Revenue in the quarter will rise to $8 billion to $8.2 billion, Santa Clara, Calif.-based Intel said. Analysts had expected $8.27 billion, based on the average of 28 estimates in a Thomson First Call survey.

Intel shares fell as much as 90 cents to $28.75 in extended trading after the announcement. The stock had gained 61 cents to $29.65 on Nasdaq.