Further downside is certainly possible, but selling now won't erase the losses we've taken. Intel delivered a solid quarter on Thursday, but its guidance underscored how heavily it still depends on the struggling PC market, sending shares sharply lower after hours. For the ongoing quarter, Intel guided for EPS to be $0.25, well below the $0.23 estimate, while revenue forecast of $15 billion to $16 billion was also lower than $17.