AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Byline: James DeTar
Intel Corp. says it's holding its own in a tough market. In a midquarter update on Thursday, the world's largest chipmaker said things haven't improved,but they haven't gotten worse.
The company said the second half of the year, as is usually the case, shouldoutperform the first half. Several other chipmakers and an industry trade group this week offered much the same view.
Intel says its second-quarter sales should fall within guidelines it gave onApril 17. At that time, Intel said it expected revenue of $6.2 billion to $6.8billion. It now says it will be in the low end of that range.
A final number of $6.2 billion would be a 25% decline from its $8.3 billion in sales for second-quarter 2000. Its first-quarter sales plummeted 54% …