Intel releases strong revenue target for Q4
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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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Third-quarter revenue was $8.47 billion, up 8 percent from last year's third-quarter revenue of $7.83 billion. Intel shipped a record number of processors in the quarter, but it had forecast even higher growth coming off of its second-quarter earnings conference call.
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SANTA CLARA, Calif.âDriven by demand for flash-memory chips used in cellphones, Intel Corp.&#39;s third-quarter profits rose as the chip-making giant struggled to overcome lacklustre PC sales, growing inventory, product missteps and stiff competition.
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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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Strong holiday sales of computer and cell phone chips boosted Intel Corp.'s fourth-quarter sales to a record &#36;9.6 billion, but the world's largest chip maker saw profits slip 2 percent from the same period last year.
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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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SAN FRANCISCO - Intel is planning for a happy holiday season this month, as it expects to exceed its previous revenue guidance and has made progress in reducing its inventory, the company said Thursday.
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Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion as low selling prices for its microprocessors were offset by higher than expected unit shipments.
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Intel Corp., the giant chipmaker, which has been plagued by product delays and cancellations this year, raised its fourth-quarter revenue forecast on Thursday well above Wall Street expectations.
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(InfoWorld) - Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion as low selling prices for its microprocessors were offset by higher than expected unit shipments. The results came despite an ongoing price war as Intel and rival AMD struggle for larger shares of the processor market. Both companies have been cutting prices on their chips as they upgrade their products from standard chips to dual-core and quad-core processors. Intel is also in the final stages of a corporate reorganization that included the layoffs of thousands of workers in 2006, and at least 1,800 more layoffs planned for August. The company incurred restructuring charges of $82 million during the most recent quarter as it continued to adjust to the changes, Intel said on Tuesday. Despite those challenges, Intel earned $0.22 per share on revenue of $8.7 billion for the quarter ending June 30, beating Wall Street expectations that the company would earn $0.19 per share on revenue of $8.54 billion, according to analysts polled by Thomson Financial. Intel also beat its own mark from the second quarter of 2006, when it earned $0.15 per share on revenue of $8.01 billion.
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Intel Corp.&#39;s third-quarter profits jumped 15 percent and sales edged higher even though the semiconductor giant struggled with weak demand for desktop computer microprocessors, excess inventory and growing competition.
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Intel Corp. , the world's  biggest microchip company, will launch chips with four  processing cores in November, Chief Executive Paul Otellini  said on Tuesday.
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Last night, Intel sharply raised its fourth-quarter outlook. The chipmaker says it now expects revenue of $9.3 billion to $9.5 billion, not the $8.6 billion to $9.2 billion it forecast in mid-October.
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Record revenue growth across all of Hewlett-Packard Co.&#39;s business units, particularly in its consumer electronics division, helped generate strong fourth-quarter earnings for the computer giant.
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Intel is planning for a happy holiday season this month, as it expected to exceed its previous revenue guidance and has made progress in reducing its inventory, according to the company.
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Intel Corp., the world's largest computer chip maker, is expected to report higher revenue from global operations in the first half of 2005 than in the same period this year, chief executive Craig Barrett said.
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Intel Corp  on Monday raised  its third-quarter revenue forecast and said gross margins would  be at the high end of its target range, citing  stronger-than-expected global demand for computing products.