Intel (INTC) - Get Report was up 2.7% in preopen Island trading. After the close Thursday, the chip giant warned that fourth-quarter revenue would be flat with the third quarter, "give or take a couple of percentage points." Previously, it estimated a 4% to 8% increase. Intel blamed slowing PC demand. ABN Amro downgraded it to hold from add, and Credit Suisse First Boston lowered its fourth-quarter and 2001 earnings estimates.
Other semiconductor stocks were also higher in the preopen.
was up 5.6%.
Applied Micro Circuits
was up 5.3%.