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

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.