Feeds

Intel predicts brighter Q4 than expected

Revenues predicted to rise by ten per cent, Stan says

  • alert
  • submit to reddit

High performance access to file storage

Chip giant Intel said that it expected to turn in stronger than expected results for its fourth quarter, giving the semiconductor sector a long-awaited boost. The reason for the upturn, Intel said, was stronger than anticipated demand for PC products across all of its market segments. A statement from Intel said that it expected revenues for the quarter to rise by ten per cent from its Q3 figure of $6.7 billion. Gross margin is also expected to rise by two points from 53 per cent said Intel, but expenses will also rise by ten per cent in Q4. The company is continuing to reduce staff and will meet its target of losing 3,000 jobs by the end of the year. Intel currently employs over 64,000 people worldwide. Capital spending in 1998 will be around the $4.2 billion mark, the company said, while R&D spending for Q4 only will be $650 million. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.