INTEL ACCUMULATES RECORD INVENTORY/MARGINS at RISK
Intel Corporation (NASDAQ:INTC) estimates have been reduced by Goldman as a means to reflect margin risk resulting from over supply. The firm mentions that Intel and AMD (NYSE:AMD) have record inventory and Intel’s new capacity has not come online yet. Also, PC client processor ASPs are above trend and has the potential for a significant decline. The firm keeps its Sell rating on the stock.