Intel Raises 4th-Quarter Sales Forecast
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Intel Corp.'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 said it now sees third-quarter revenue between $9.4 billion and $9.8 billion, boosted by stronger-than-expected demand.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest chip maker, on Tuesday reported a 15 percent rise in quarterly profit on an improved personal
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Shares of Intel Corp.  rose about 3 percent on Wednesday after the leading chipmaker reported better-than-expected quarterly results and raised its manufacturing spending plans.
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Intel (INTC), the largest maker of microchips, raised its quarterly revenue outlook Thursday, citing strong worldwide demand for its microprocessors, and its shares jumped more than 7% in after-hours trading.
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Intel Corp. , the largest maker of microchips, on Thursday raised its quarterly revenue target, citing strong worldwide demand for its microprocessors, and its shares jumped nearly 6 percent in after-hours trading.
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SAN JOSE, Calif. -- Intel Corp.'s second-quarter profit jumped 44 percent on strong sales of microprocessors, but the company's shares fell amid signs that fierce competition continues to push chip prices lower.
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The Intel Corporation, the largest semiconductor maker, reported on Tuesday that its profit for the third quarter rose 15 percent from a year earlier, though it
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Intel Corp.&#39;s shares climbed nearly 6 percent Friday after saying its fourth-quarter sales are on track to break a company record because demand for the chips that
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Intel Corp., the world's largest chip maker, posted a 51 percent jump in its fourth-quarter profit Tuesday, but sales fell slightly below expectations and the company's shares dropped sharply in after-hours trading.
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U.S. shares are set to open higher on  Friday, buoyed by Intel Corp. INTC.O after the world's  largest chip maker raised its quarterly revenue target due to  strong demand, but all eyes will be on jobs data before the  opening.
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Intel officials said yesterday that the company's fourth-quarter revenue will total between $9.3 billion and $9.5 billion, pushed up by demand for its desktop, notebook and server processors.
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Strong demand and reduced stockpiles foretell a dramatic rise in chip giant Intel&#39;s sales outlook, the firm says. The company, whose chips power most of the world&#39;s PCs, said it expected sales of $9.3-9.5bn
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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 Corp. said Tuesday its second-quarter profit jumped 44 percent on strong sales of microprocessors even as the company faced fierce competition that pushed prices lower.
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U.S. stock futures rose on Friday, spurred by lower oil prices and Intel Corp.'s   higher sales forecast as Wall Street waited for monthly employment data for clues about the economy's health.
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Chip maker Intel (INTC ) caught Wall Street by surprise on Dec. 2 when it significantly raised fourth-quarter revenue estimates. But the news wasn&#39;t all rosy, as Intel failed to raise estimates dramatically for its closely watched gross-margin figure.