KSrelief Nutritional Medical Clinics Continue Providing Treatment Services, in Hodeidah Governorate, Yemen    KSrelief Continues Providing Emergency Food Supplies to Beirut Explosion's Affected Families    Saudi Arabia Welcomes Lithuania's Decision to List Hezbollah as a Terrorist Organization    OPEC Basket Price Stood, at $45.08    Riyadh crackdown nets 19 illegal expatriates    The Joint Forces Command of the Coalition to Restore Legitimacy in Yemen: Interception, Destruction of Multiple Bomb-Laden (UAVs) in Yemen    Liverpool's Klopp, Alexander-Arnold win Premier League awards    UN and partners launch $565 million appeal for Lebanon    Guterres ‘deeply concerned' over environmental threat posed by stricken oil tanker off Yemen coast    Uganda looks online for answers to COVID economic crisis    Israel deal not about Iran, asserts Gargash    Medical coding course planned for Hadaf beneficiaries    43% increase in ICU bed capacity in Riyadh hospitals    Saudi aide to Palestinians amounts to $6.5bn in two decades    UAE-Israel deal a ‘historic step for peace': Bahrain king tells Abu Dhabi crown prince    Russia reports more than 5,000 new coronavirus cases    Saudi Press: Saudi Arabia Exerts Great Efforts in Supporting Peace Process in Yemen    Weather Forecast for Saturday    APIC achieves net profits of $9.02 million in H1 of 2020    Not enough demand for US 30y bond; markets mixed    44 electronic stores penalized for violating new e-commerce system    Emirati Al Nuaimi, Gemany's Hansske top in the DXB Snow Run at Ski Dubai    Dammam Port Records Highest Number of Container Handling from One Ship    Still plenty to play for in Saudi Pro League    SAFCSP Launches Online Cybersecurity Bootcamp for Saudis    Qualifying matches for World Cup 2022, Asian Cup 2023 rescheduled    Saudi Films Festival poised to witness wide participation, reports say    SAR Wins International Safety Award 2020 from British Safety Council    Saudi Arabia Launches First Luxury Cruises Along Red Sea Coast on August 27    Fourth edition of the Noon Arts Award open for submissions    Louvre Abu Dhabi joins J. Paul Getty Museum in investigating ancient panel paintings    Thousands participate in SFA's first Step Together half and full summer marathon    Saudi woman seeks to restrain wealthy hubby from remarrying    Human evolution and woman    Maraya hall in AlUla wins prestigious architecture award    Juventus Sacks Sarri After Exit UEFA Champions League    Al-Nasr, Al-Hilal Fans Follow up Riyadh Derby, in various Cinemas, Venues    India's top minister Amit Shah tests positive for coronavirus    Azra Aly, South African pilgrim: ‘The beginning of the rest of my life'    Paris Saint-Germain beats Lyon to win League Cup final    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Islam calls for protecting communities against epidemics: Sheikh Al-Manea    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Complementary, Alternative Medicine Practicing 1st Manual Version Issued    Saudi Ithra center launches dialogue sessions with most famous creators in the world    SFDA Implements National Program to Ensure Safety of 10,000 Food Samples    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    

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
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.