Will Season Bring Chill to Tech?

A large number of tech giants have been ratcheting back guidance for the current quarter, but there are still some big names that may need to issue warnings in order to temper expectations for the next round of quarterly reporting.

As tough macroeconomic conditions have persisted -- and for many industries, worsened -- since technology companies last offered their projections in October, analysts have been trimming estimates for many tech companies, citing slower consumer and IT spending. Many now expect some companies to warn for the current quarter in early December or risk disappointing Wall Street when they next report in January.

Intel (INTC Quote), Cisco Systems (CSCO Quote), Qualcomm (QCOM Quote), Corning (GLW Quote) and Nokia (NOK Quote) have all come out in the last few days with warnings that the fourth quarter will be even worse than previous forecasts. ...