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Intel Narrows Revenue Forecast.
(From Newsbytes)
Byline: Matthew Fordahl
SAN JOSE, Sept. 5 -- Citing soft demand for computer processors by consumers and businesses, Intel Corp. said its third-quarter sales will be within previous forecasts but at the lower end of the range.
The chip-making giant said it expects revenue of $6.3 billion to $6.7 billion. In July it said sales would range from $6.3 billion to $6.9 billion. Compaq did not provide earnings estimates.
Analysts expect the Santa Clara-based company to post a third-quarter profit of 13 cents per share on revenue of $6.9 billion, according to a survey by Thomson First Call.
This is another sign that the …
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- Intel Shareholders OK Options Plan.
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News wire article from: Asia Africa Intelligence Wire
May 19, 2004
700+ words
