Brewing Concerns for Apple and Qualcomm

If you're seeking a gauge on the tech sector this earnings, look no further than Taiwan Semiconductor Manufacturing (TSM) -- because it's now a more important indicator than Intel (INTC) is.

Intel is yoked to the slumping personal-computer market. In the June quarter, worldwide PC shipments fell for the fifth straight quarter, sliding 10.9% year over year, per market researcher Garner. When Intel reported earnings last week, no one on Wall Street was surprised that second-quarter revenue was down 5.1% from the prior year. No one was shocked that sales from Intel's PC chip business were off 7.5%, or that the company forecast flat revenue for 2013 vs. 2012....363 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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