Intel (NASDAQ: INTC) shareholders are licking their wounds once again after the chip titan's latest earnings report.

It's a familiar position for Intel investors. The company has repeatedly disappointed the market, making big promises about revamping its business only to come up short when it's time to open the books.

This time around, Intel beat estimates in the first quarter with a modest increase in revenue, but its second-quarter forecast was worse than expected as it called for flat revenue growth (at the midpoint of guidance) and a decline in earnings.

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Source Fool.com