Intel Rises After Cutting Inventory, Easing Concern Over Demand
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Shares of Intel Corp., the world&#39;s biggest computer-chip maker, rose after the company surprised investors by paring its record stockpiles, easing concern that computer demand would slump through the end of the year.
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TOKYO (CBS.MW) - Japanese stock indexes rose by midmorning Friday as Intel&#39;s higher-than-expected sales forecast listed the Japanese tech sector.
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Intel Corp.'s profit leaped 51 percent as sales of microprocessors accelerated in the fourth quarter, but its shares plummeted on signs that the world's largest semiconductor maker is feeling the pinch of an ailing U.S. economy.
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SEMICONDUCTOR giant Intel has dramatically raised the range of its fourth-quarter sales forecast as it benefited from strong holiday demand for microprocessors.
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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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In recent months, Intel delayed several chips and recalled other, defective ones. It overestimated demand, thereby causing an inventory glut.
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Intel Corp. INTC.O, the world's  largest chip maker, said on Tuesday it has largely recovered  from widely publicized product delays and problems  that  thwarted its 2004 cost-cutting targets.
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Computer-chip maker Intel Corp. said yesterday that earnings for its third quarter were $1.9 billion -- up 15 percent from the same quarter a year ago -- but the company cautioned that computer-processor demand in the United States is likely to remain low.
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Intel Corp  said on Monday that its third-quarter revenue would likely exceed its previous forecast, boosted by stronger-than-expected demand.
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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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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.
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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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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.
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Green Christmas. Intel (nasdaq: INTC - news - people ) on Thursday pumped up the range of its fourth-quarter sales forecast. The Pentium chip maker cited muscular global holiday demand for its 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 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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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