Intel Cutting 6% of Jobs Amid Widening Slump Saying that the slump in PC sales has spread to networking, communications, and servers, chipmaker Intel is warning that first-quarter revenue won't meet expectations, and that it will cut 5,000 jobs over the next nine months. Intel says revenue for the quarter should be down about 25% from the fourth quarter's $8.7 billion. It had said that revenues would drop 15%. Intel execs were not immediately available to comment. During an Intel conference last week, CEO Craig Barrett said the U.S. economy was experiencing a "definite slowdown," but he vowed at the time not to cut R&D or investments in manufacturing capacity. On Thursday, however, the company said it would snip 2% off R&D this year, to $4.2 billion from the $4.3 billion originally planned. Intel said it won't reduce capital spending, which remains at $7.5 billion for the year. - Paul McDougall -- Fred A. Miller Systems Admin. Cornell Univ. Press Services fm@cupserv.org