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Shares of technology bellwether Intel (INTC Quote) touched a five-year low on Monday, and investors could be in for quite a wait before they see a significant move off that level.
The news was no better on Tuesday, as Intel sank another 91 cents to close at $16.02.
"With consumer confidence zero now, all the estimates are being cut," says Thomas Weisel analyst Kevin Cassidy, adding that he doesn't expect an Intel rebound anytime soon. "I have 5.7% growth for next year, but I am reviewing that." ...
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