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"We're short Intel," Chanos told cable
television network CNBC. Chanos said he has been shorting, or
betting against the company's shares, for the past six months.
Chanos, who has been critical of the personal computer sector
and has bet against companies such as International Business
Machines Corp and Hewlett-Packard Co, said Intel has "the same
challenges."
Intel said Thursday that revenues from its mainstay PC business
fell about 3 percent in the fourth quarter from the prior
quarter to $8.9 billion. That raised doubts about a
long-anticipated recovery of the PC business.
The company also forecast first-quarter revenues of $13.76
billion, plus or minus $500 million, and gross margins of about
60 percent, below the 65.4 percent reported in the fourth
quarter. Analysts, on average, expecting revenue of $13.77
billion in the first quarter, according to Thomson Reuters
I/B/E/S.
(Reporting by Sam Forgione, Editing by Franklin Paul and Jeffrey
Benkoe)
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