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Intel Down 2.7% Ahead of Earnings Announcement

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Chip bellwether Intel (INTC) - Get Intel Corporation (INTC) Report was down 2.7% in midmorning trading. The company is due to report fourth-quarter earnings after the close.

Also, due to report today are chipmaker

Linear Technology

(LLTC)

and semiconductor equipment makers

Applied Micro Circuits

TheStreet Recommends

(AMCC)

and

Teradyne

(TER) - Get Teradyne, Inc. Report

. Linear Technology was down 3.6%. Applied Micro was up 1.6%. Teradyne was down 6.7%. The

Semiconductor Index

was down 4.4%.