Feeds

Intel defies analysts and maintains Q2 targets

Still on course to make $6.2-6.8 billion revenues

  • alert
  • submit to reddit

High performance access to file storage

Intel stuck with its sales forecasts when it released mid-quarter financial guidance yesterday.

The company's shares gained five per cent, reaching $32.61, on the news. During the day, it rose four per cent.

The chip giant dismissed analysts' claims that it would be forced to cut its $6.2-6.8 billion revenue estimate for Q2 2001. Some Intel watchers believe that the company will have a hard time fulfilling its prediction thanks to the downturn in the world semiconductor market.

Intel re-affirmed its previous prediction, claiming its Q2 sales will fall "slightly below the mid-point of the range". CFO Andy Bryant said Intel's CPU business was now stable. However, he added, the comms chip business had yet to end its decline.

There's no doubt about the downturn, but some observers believe that Intel is betting on strong pre-Q3 orders this month to lift what otherwise would have been a below-expectations quarter. With the chip industry itself predicting a slow return to growth through the second half of 2001, Intel really only needs to weather Q2. June will see the company shipping Tualatin, its 0.13 micron die-shrink Pentium III processor which it hopes will sell particularly well into the mobile sector. ®

Related Stories

Intel's first mid-quarter report to trim sales forecast
Chip sales to fall 14% in 2001
Intel Tualatin to replace Coppermine, fast

High performance access to file storage

More from The Register

next story
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
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
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
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
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.
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.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.