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September 7, 2012 10:21 PM EST

Intel Corp cut its third-quarter revenue outlook, citing weaker-than-expected demand in a weak economy.

The chipmaker said it expects third-quarter revenue of $13.2 billion, plus or minus $300 million, down from its previous forecast of $13.8 billion to $14.8 billion.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty)

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Copyright 2012 Thomson Reuters. All rights reserved.

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