Friday, 17 January 2014 - 12:35
Intel expects no revenue growth in 2014
The world's biggest computer chip maker, Intel, has said it expects no revenue growth in 2014, sending its shares down 5% in after hours-trading.
The weak forecast comes as chip makers continue to be hurt by a drop in sales of personal computers.
Revenues at Intel's division which makes chips for desktop computers fell 4% in 2013, from a year ago.
However, the company said there had been signs in the past few months that the PC sector was "stabilising".