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Shrinking market share at Dell(DELL Quote) is causing Intel's(INTC Quote) microprocessors to pile up and could cause the chipmaker to miss first-quarter revenue estimates, J.P. Morgan said in a research note Wednesday.
As a result, J.P. Morgan lowered its estimate of Intel's 2006 earnings to $1.03 a share and warned that "additional potential downside" exists. The brokerage also cited competition from Advanced Micro(AMD Quote) and slowing personal-computer growth.
J.P. Morgan's old 2006 earnings estimate was $1.13 a share, including stock-options expense. It also lowered its 2006 sales estimate to $39.1 billion from $39.5 billion. The Thomson First Call 2006 sales consensus is $41.05 billion. ...
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