Intel boosts third-quarter revenue forecast
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Intel Corp  on Monday raised  its third-quarter revenue forecast and said global demand for  computing products was stronger than expected, sending its  shares up 2.8 percent.
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Intel said its quarterly profit rose 45% to $1.3 billion, as low chip prices were offset by strong unit shipments.
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Intel Corp  on Monday raised its third-quarter revenue forecast and said global demand for computing products was stronger than expected, sending its shares up 2.8 percent.
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Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion.
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The chipmaker says its revenue for the ongoing quarter will be $8.3 billion to $8.6 billion, down from the previous estimate of $8.
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Intel Corp., the world's largest chip maker, raised its third-quarter revenue outlook on Monday due to stronger-than expected demand for its microprocessors.
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By , Bloomberg News. Intel Corp., considered a bellwether company in the technology industry, said fourth-quarter sales will exceed its previous forecasts as demand rises for processors that power laptop, desktop and server computers.
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SANTA CLARA, Calif. -- Intel Corp., the world's largest chip maker, raised its third-quarter revenue outlook on Monday due to stronger-than expected demand for its microprocessors.
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Chip-maker Advanced Micro Devices Inc. posted a 30 percent increase in sales and a third-quarter profit Thursday as demand for its microprocessors continued to grow despite competition from its much larger rival Intel Corp.
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Intel Corp.&#39;s fourth-quarter sales are on track to break a company record as demand for the chips that power computers was stronger than originally expected in the weeks leading up to the holiday buying season.
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Intel Corp. , the largest maker of computer processors, posted a rise in second-quarter earnings on Tuesday, reflecting greater strength against rival AMD.
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Intel&#39;s revenue increase for the fourth quarter fell short of analysts&#39; estimates in part because of weak prices for memory chips.The company recorded revenue of $10.7 billion, up 10.5 percent year over year, missing the $10.8 billion estimated by analysts polled by Thomson Financial.Though revenue from computing-related products was as expected, NAND memory revenue was lower than expected, Intel said in a news release.The company reported net income of $2.27 billion, below analysts&#39; estimates of $2.38 billion. Earnings per share were $0.38.Intel in November rolled out its next-generation Penryn processors,&#160;which the company claims provide better power efficiency and graphics performance than its earlier chips. Manufactured using the 45-nanometer process, the company first launched Penryn chips for workstations and in early January rolled out 45-nm chips for servers, laptops, and desktops.Intel is expected to launch processors for its Montevina platform, an upgrade to its mobile Centrino platform, later this year. It will also roll out Menlow, a platform for ultramobile computers, later this year. Intel is also working on a new chip architecture code-named Nehalem, which will appear in late 2008.
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Intel expects a much better performance in the first half of next year, CEO Craig Barrett said Thursday. In October, the bellwether for the technology sector reported a 15 percent rise in third-quarter earnings
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Intel Corp. INTC.O on Tuesday  said quarterly profit rose 15 percent, helped by record sales  in Asia and stronger demand for notebook and server computer  chips, and gave an outlook that reassured jittery investors  that it could grow despite tough market conditions.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest maker of microchips, on Thursday raised its quarterly revenue outlook, citing strong worldwide
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Chipmaker Intel predicts that strong demand means its three month results will beat earlier forecasts.
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Microprocessor giant Intel slightly exceeded the lowered third-quarter expectations it had set for itself last month. But growth was inhibited by inventory adjustments at some of major customers and lower than expected PC demand.