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Intel and Microsoft under pressure

Technology giants Intel and Microsoft are already looking ahead to improved future earnings as they prepare to release their quarterly results in the US.

The rise of smartphones and tablets has put pressure on both companies, and combined with a shortage of hard drives caused by last year's floods in Thailand, there was a 6% drop in US PC shipments during the crucial holiday period.

But Intel is touting its newest generation of chips for even sleeker notebook computers, and Microsoft has high hopes for its Windows 8 software.

Michelle Fleury reports from New York.