Intel's revenues to be lower then estimated due to soft back-to-school sales?

Posted on Sunday, August 29 2004 @ 20:29 CEST by Thomas De Maesschalck
Intel upcoming mid-quarter report will be closely watched for signs of weak back-to-school computer sales, though recent market share gains in memory chips could help offset any softness in computer microprocessor demand.

The world's largest chip maker, which is set to give a business update after the stock market closes on Thursday, has targeted about $8.9 billion in third-quarter sales. That would represent a 13 percent rise from a year-earlier.

The estimate, however, does not take into account the recent skepticism that the computer sector may have a weaker-than-normal second half because of soft back-to-school sales.

More info at Reuters

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