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Intel no longer indicator of tech sector's health

PC market in decline; chipmaker has no clout with smartphone firms

INSIDE STORY: Analysts say that the number to watch now is Intel's investment in Moore's Law.

San Francisco

NOT that long ago, Wall Street believed that as Intel goes, so goes much of the rest of the technology industry.

If Intel did well in its quarterly earnings report and planned to spend aggressively in the coming months, it meant that personal computer (PC) makers were