Reuters Insider - Intel Adjusts its Expectations, and More

Acura Pharmaceuticals

13/03/2015 01:40

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 https://insider.thomsonreuters.com/link.html?cn=share&cid=1385366&shareToken=MzpiNjBjODdiOS00YmI1LTQ0MGYtYmE5Yi05MGRiOTM5YzQzOTk%3D&playerName=ReutersNews 
                                                                       
 Source:             Thomson Reuters                                   
                                                                       
 Description:        Intel cuts its revenue outlook as customer        
                     spending shifts away from laptops to tablets and  
                     smartphones. Alibaba invests in Snapchat. Honda   
                     recalls vehicles with defective airbags. Lee      
                     Hawkins reports.                                  
 
 
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Transcript (May be auto-generated)

 Intel is cutting its outlook, citing weak PC demand. This is What's News on WSJ 
Live. I'm Lee Hawkins. The company is cutting its revenue outlook for the 
current quarter by nearly a $1 billion, saying it seen weaker than expected 
demand for business desktop computers and lower inventory levels across its 
personal computer supply chain. Intel supplies most of the chips at services 
calculating engines and PCs and server systems. The company is suffering as 
customer spending has shifted from laptop computers to tablets and smartphones. 
Markets where Intel chips have largely been ignored by hardware makers. 

And Alibaba Group Holding Limited is investing in Snapchat Inc., a deal that 
values the messaging company at $15 billion in the latest sign of escalating 
valuations for technology startups. The Chinese ecommerce giant is investing 
$200 million in Snapchat. That valuation marks a significant increase from about
$10 billion during a round of funding last year. And Honda Motor Company is 
preparing to launch a widespread advertising campaign urging customers to take 
recalled vehicles equipped with defected Takata Corp airbags to dealerships for 
repairs. The multi-million dollar campaign is asking customers to check for open
recalls or other safety campaigns associated with the older Honda and Acura 
models to ensure they get much needed repairs. For more and to follow these 
stories, tune into WSJ Live or go to www.wsj.com. I'm Lee Hawkins