Intel says financial crisis could hurt business

The recent financial crisis could have a negative impact on Intel Corp's business, results of operations and financial condition, the technology bellwether said in a regulatory filing.

"There could be a number of follow-on effects from the credit crisis on Intel's business, including insolvency of key suppliers resulting in product delays," the company said in a filing with the U.S. Securities and Exchange Commission.

Intel said the crisis could also cause an inability to obtain short-term financing of its operations from issuance of commercial paper.

The world's biggest computer chipmaker said it intends to publish a mid-quarter business update on December 4 as a result of the uncertainty in the current economic environment.

The company, the industry's biggest investor in the next generation of chip production equipment, earlier this month trimmed its capital spending plans modestly for 2008 to $5 billion, plus or minus $100 million, from $5.2 billion previously.

Shares of Intel closed at $16.17 Thursday on Nasdaq.