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Gartner Slashes Global Chip Sales Forecast

Stock quotes in this article: INTC , AMD  

Expectations for the chip industry's performance in 2007 have gone from mediocre to moribund.

Industry research firm Gartner slashed its outlook on Thursday, predicting global chip sales growth of a scant 2.5% in 2007 vs. its previous estimate of 6.4% growth.

The primary culprits for the lower outlook are DRAM memory and microprocessors -- two main components in PCs. ...

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