Highlights:
* Q4 revenue fell 23 percent to $8.2 billion
* Says revenue will be lower than the company's previous expectation
* Cites further weakness in end demand and inventory reductions by its
customers in the global PC supply chain
* Says will impair the value of its investment, resulting in a non-cash charge
to Q4 earnings of about $950 million
* Says preliminary estimate of Q4 gross margin is at bottom of previous
expectation of 55 percent, plus or minus a couple of points
* Says restructuring and asset impairment charges are expected to be
approximately $250 million
* Reuters Estimates Q4 earnings per share view $0.21, revenue view $8,776.47
million
* Now sees loss from equity investments, interest and other to be loss of
$1.1-$1.2 billion versus prior forecast of loss of about $50 million
* Says spending expected to be about $2.6 billion versus previous expectation
of about $2.8 billion