Intel Misses Earnings

Intel (INTC) missed Wall-Street estimates of $0.43 and reported $0.40 for Q4. AMD and other chip stocks are trading slightly lower in after hours trading. Intel's stock is down 7% in after hours trading.

IBM (IBM) beat estimates of $2.11 vs. $1.94 (estimate).

Keep an eye on Yahoo (YHOO) which reports at 5 PM ET.