Intel narrows revenue range
By Daniel Sorid, 09.09.05 1.00pm
SAN FRANCISCO - Intel, the world's largest microchip maker, yesterday narrowed the range of its quarterly revenue forecast but left the midpoint unchanged, saying business remained within expectations.
Shares of the company fell just under 1 per cent in after-hours trading following the scheduled update, which came amid stronger-than-expected forecasts from two other large US chip makers.
Intel said it expects third-quarter revenue to be in the range of US$9.8 billion ($14.09 billion) to US$10 billion, tightening a forecast it issued in July calling for revenue of US$9.6 billion to US$10.2 billion.
The midpoint of the forecast remained US$9.9 billion, up about 16 per cent from the US$8.5 billion reported in last year's third quarter.
"The company continues to see double-digit year-over-year growth driven primarily by strong demand for notebook PC platforms," the Santa Clara, California-based company said in a statement.
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