Intel Corporation (NASDAQ:INTC) decides to shutdown Telmap Ltd (NYSEPost) According to the source of 'Globes' Intel Corporation (NASDAQ:INTC) decides to shutdown Telmap Ltd which is the developer of M8 navigation app. Telmap Ltd was acquired by Intel Corporation (NASDAQ:INTC) in the year 20011 for $120 million, Intel Corporation (NASDAQ:INTC) decides to close Telmap as its efforts to modify and streamline strategy were continuously failing and it was involved in downsizing its employees largely. Intel Corporation (NASDAQ:INTC) recently announced as PC industry sags it cuts full-year revenue forecast, the company involved in calculating back capital spending as it is facing problem like weakness in china's economic which is one of the biggest mark for Intel Corporation (NASDAQ:INTC) and lower sales in personal computer.