Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Intel raises sales forecast; shares jump 4 percent
Published in Saudi Press Agency on 28 - 08 - 2009


Intel Corp. raised its third-quarter
revenue forecast above Wall Street's expectations today,
citing strong demand for its chips and giving another
signal that business is improving for one of the world's
biggest technology companies, according to AP.
The leading maker of computer microprocessors now expects
sales of $8.8 billion to $9.2 billion. Its last guidance,
which came July 14, was for revenue in the range of $8.1
billion to $8.9 billion.
Analysts polled by Thomson Reuters were expecting $8.55
billion in revenue before Friday.
Santa Clara, California-based Intel also said it expects
the quarter's gross profit margin to be in the upper half
of the range it previously forecast.
Because it gets most of its revenue from selling chips
that are the «brains» of personal computers, Intel is
indicating that PC makers are loading up on new chips
faster than even it expected. While that suggests PC makers
believe demand for the computers they're building will be
strong, it doesn't necessarily mean they're selling briskly
yet.
Intel is benefiting from the fact that PC makers had
burned through a lot of their inventory, instead of buying
new chips, as the financial crisis worsened. Now they have
to restock ahead of what they're hoping will be a healthy
back-to-school and holiday season.
Consumer demand for PCs is stabilizing or improving
slightly from deeply depressed levels, as shown in the
latest quarterly results from the world's top two PC
makers, Hewlett-Packard Co. and Dell Inc. But the PC
industry is still ailing: It's on track for its worst year
in nearly a decade, and some analysts say even Intel's
better guidance doesn't mean the industry's in the clear.
Dell Inc., the world's No. 2 PC maker, said Thursday as it
reported quarterly earnings it might not see a significant
turnaround in spending by businesses until next year. By
then, many companies will need to begin replacing older PCs
that they've been hanging on to for longer than usual, and
will have a new version of Windows available.
«Intel's news isn't exactly a surprise,» said Ashok
Kumar, an analyst with Collins Stewart. «All the ducks
were lining up for a strong third quarter. Where the rubber
meets the road is the December quarter.»
Intel shares rose 78 cents to $20.25 in afternoon trading.
The stock has traded between $12.05 and $23.71 over the
past year.


Clic here to read the story from its source.