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SAN JOSE, Calif. — Intel lowered its profit forecast for its fiscal first quarter Monday, blaming the shortfall on a steeper-than-expected drop in prices for memory chips. The Santa Clara- based company, the world’s largest semiconductor maker, said slumping prices for a type of memory called NAND flash depressed profits more than anticipated. NAND flash is commonly used in portable electronic devices such as digital cameras and MP3 players.
