Intel increases revenue outlook on rising chip demand
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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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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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In making the announcement, Intel cited stronger-than-expected demand for microprocessors and high hopes for the back-to-school shopping season.
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Intel raised its revenue forecast for the fourth quarter, citing surprisingly strong demand across its line of chips for personal computers.
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Intel Corp  on Thursday  introduced high-end processors for computer servers to compete  with an upcoming new product from Advanced Micro Devices Inc  .
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Intel Corp., the world's top  chipmaker, is set to increase its share of a growing global  semiconductor chip market this year to 12.2 percent, research  firm Gartner said on Friday.
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Intel will ship quad-core processors in November for servers and gaming PCs, accelerating its effort to regain momentum in sales of power-efficient chips.
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NEW YORK - Intel certainly surprised many semiconductor industry watchers today with its improving sales forecasts for the current quarter, but not everyone is convinced that all is as rosy as it seems at the world&#39;s biggest chipmaker.
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Intel gave an upbeat forecast for the coming year, suggesting that the company was making progress in overcoming some of its production problems.
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By , Bloomberg News. Intel Corp., considered a bellwether company in the technology industry, said fourth-quarter sales will exceed its previous forecasts as demand rises for processors that power laptop, desktop and server computers.
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NEW DELHI -- Intel Corp., the world&#39;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.
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Chip bellwether Intel Corp. saw revenues and net income go higher sequentially and year over year for Q3 amid questions about the industry&#39;s health as it heads towards what many believe is the down part of the cycle.
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Intel plans to increase focus on WiMax connectivity and multicore processing, two innovations that the chipmaker believes will drive future industry growth.
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Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion.
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Chip maker's fourth-quarter revenue up 10 percent, led by robust demand for server and notebook processors.
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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.