Tech Business Roundup: Intel’s Far-Reaching WARNING, Zynga SOLDIERS On

Intel Corporation’s (NASDAQ:INTC) warning has reverberated in chip stocks with heavy PC exposure on Friday. The company downgraded its guidance for the third quarter, decreasing its revenue estimate by about 7 percent to between $12.9 billion and $13.5 billion, from a range of $13.8 billion to $14.8 billion because of “weaker than expected demand in a challenging macroeconomic environment.” Intel foresees customers shrinking the supply chain inventory, along with weakness in the enterprise PC market segment, plus slumping demand in emerging markets.

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Shares of Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), and Google Inc. (NASDAQ:GOOG) all reached new highs Friday, even as PC-exposed names declined on Intel’s warning. Amazon’s gains came from positive comments on its Kindle refresh as well, pointing to its potential to reinforce the company’s content ecosystem.

Zynga’s (NASDAQ:ZNGA) game-publishing endeavors remain active, as it has introduced four new third-party titles for Zynga.com, along with revealing partnerships with 9 additional game developers for Zynga Platform.

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