HP Shares Fall 8.8% After Intel Warns of Prolonged PC Demand Slump
HP shares fell 8.8% in morning trading after Intel warned of a prolonged slump in personal computer demand and forecast steep declines in global shipments.
What happened? Shares of personal computing and printing company HP NYSE:HPQ fell 8.8% in the morning session after Intel warned of a prolonged slump in personal computer demand and forecast steep declines in global shipments.In prepared remarks accompanying its earnings results, Intel Chief Execut…