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