Feeds

Intel happy with seasonal pattern

But lower base level

  • alert
  • submit to reddit
ComputerWire: IT Industry Intelligence

Intel Corp said the return to seasonal patterns in the chip market was holding in the current quarter when it released its mid quarter financial update yesterday.

The Santa Clara, California-based vendor said it expected revenues for the first quarter to come in between $6.6bn and $6.9bn. It had earlier forecast a revenue range of $6.4bn and $7.0bn. It reiterated it expected gross margin of 50% plus or minus a couple of points adding that gross margin should come in above the mid point of this range.

Intel CFO Andy Bryant said that the vendor's server chip business was doing slightly better than expected, and the general processor business was performing to expectations. The communications business remained weak.

Bryant said demand had returned to a seasonal pattern, within the "new economic levels which began a year ago."

While much of the PC industry has been suggesting corporate buyers would soon begin a strong upgrade cycle, Bryant said that so far the company had not seen any evidence of this kicking in.

© ComputerWire.Com. All rights reserved.

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.