Intel Shares Rise as Demand for Chips Prompts Forecast Boost
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Shares of Intel Corp. rose as much as 8.7 percent in Europe after a surprise pickup in demand for computer chips prompted the company to raise its fourth-quarter revenue forecast.
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Intel is hoping its investments in WiMax and Clearwire will ultimately pay off. The more demand for wireless computers, the more demand for Intel&#39;s microprocessors.
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Chipmaker Intel predicts that strong demand means its three month results will beat earlier forecasts.
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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., the world's largest computer chip company, is not suffering from overcapacity and new areas are emerging that will increase global demand for microprocessors, its chief executive said Friday.
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Shares of Intel Corp. INTC.O 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 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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The world's largest chipmaker posts its best quarterly sales figures, boosting optimism about profits in the industry.
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Intel said its new forecast is generated by demand throughout its business units, including notebook and desktop chips as well as server processors.
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Intel upgraded its Q3 revenue forecast on the basis of surprisingly high demand for chips across its product line.
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SAN FRANCISCO (CBS.MW) -- Shares of Intel rallied in pre-open trading Wednesday amid relief that the company did a better-than-expected job moving part of its excess inventory and that the weakness it sees in the fourth-quarter isn&#39;t as bad as some feared
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Intel Corp  on Tuesday  posted a 51 percent rise in quarterly net income, paced by  brisk sales of its microprocessors used in notebook personal  computers, and gave a forecast that lagged some analyst  estimates.
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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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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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Eking out a strong finish to a disappointing year, Intel, the world&#39;s largest semiconductor maker, raised its revenue forecast for the fourth quarter on Thursday, citing
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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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Wall Street was set to rally on Wednesday as forecast-beating results from tech bellwether Intel Corp  boosted the outlook for chip makers, while U.S. trade data will set direction for the dollar.