Intel boosts revenue forecast
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A strong demand for its computer chips brightens otherwise dismal year for the maker of semiconductors. By Laurie J. Flynn. SAN FRANCISCO -- Eking out a strong finish to end a disappointing year, Intel Corp
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Driven by demand for flash memory chips used in cell phones, Intel's profits rose as it struggled to overcome weak PC sales, growing inventory, product missteps and stiff competition.
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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 , the world's largest chip maker will probably generate double-digit annual earnings growth over the next several years and extend its lead over rival Advanced Micro Devices Inc , especially if the economy falters, Barron's said.
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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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U.S. stock futures pointed to a higher  market open on Wednesday, boosted by Intel Corp.'s  better-than-expected earnings, but the direction of oil prices  after a key inventory report at midmornnig may dictate whether  stocks can hold that upward momentum.
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Stock index futures added to gains on Monday after Intel Corp  revised its revenue outlook higher, setting the stage for the chip sector to help the market shake off last week's losses.
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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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(InfoWorld) - Citing surprisingly high demand for its processors, Intel on Monday upgraded its third-quarter revenue forecast to a range of $9.4 billion to $9.8 billion from the company's previous estimate of $9 billion to $9.6 billion. Both ranges are far above Intel's results in the third quarter of 2006, when the company collected $8.7 billion in revenue, a 12 percent drop from the same quarter the previous year. Intel's sagging performance in 2006 led to a corporate restructuring plan including thousands of layoffs and the sale of several divisions. The company has posted muchÂ stronger results in 2007, despite a lingeringÂ price war with rival Advanced Micro Devices. In July, Intel beat Wall Street estimates with second-quarter revenue of $8.7 billion, with profit up 44 percent over the same period of last year. Intel's financials forecast upgrade came the same day thatÂ AMD launched its Barcelona quad-core Opteron server chip, which is expected to be a strong competitor to Intel's current server chips. However, Intel said its new forecast is generated by demand throughout its business units, including notebook and desktop chips as well as server processors. "We're seeing strength in revenue across the board," said Intel spokesman Tom Beermann. The company will give more detailed results when it reports its third-quarter earnings on Oct. 16. Also on Monday, Intel trimmed another business division, agreeing to sell certain assets of its modular communications platforms business, which makes telecommunications boards, to RadiSysÂ for $31.75 million. The parts of the division being sold to RadiSys make ATCA computing and packet processing blades, ATCA chassis, AMC modules, and cPCI blades and chassis. The deal with RadiSys did not contribute to Intel's revised revenue forecast today, Beermann said. Intel expects "a significant number" of employees to accept new job offers and move to RadiSys, but has not estimated the number. They will include workers in the engineering, product testing/validation, operations and marketing departments. RadiSys makes ATCA platforms and other products for telecommunication equipment manufacturers. The deal is expected to close in September. Â
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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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Intel&#39;s revenue increase for the fourth quarter fell short of analysts&#39; estimates in part because of weak prices for memory chips.
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For once, a company that may have spent more of its history restructuring than being well-structured may be finally experiencing some payback time, as Intel announced this morning it is dramatically upgrading its third quarter revenue forecast.
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The chip maker reported revenue of $10.71 billion, up 10.5 percent from the quarter a year earlier, but about $100 million short of analystsâ forecasts.
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Intel (INTC:Nasdaq - news - research) delivered part of the news that Wall Street wanted to hear Thursday, raising its projections for revenue in the fourth quarter by nearly 6%.
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Microchip maker Intel Corp.  on Tuesday reported its highest-ever quarterly revenue and boosted its budget for factory and manufacturing investments by more than &#36;1 billion as profits exceeded Wall Street expectations.
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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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The world's largest chipmaker, Intel, boosts its prediction of sales for the final three months of the year to $9.3-9.5bn.