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

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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