Intel tightens revenue forecast
Chips up, flash down
Intel has trimmed the range of its second quarter revenue outlook, according to a mid-quarter update released Thursday.
Intel now expects revenue to land somewhere between $6.6 billion and $6.8 billion for the period, which end June 28. Analysts had previously been told to look out for revenue between $6.4 and &7.0 billion, but Intel is allowed to change its mind.
Intel's bill-paying processor business doing well, coming in near the high-end of the usual patterns for the quarter. (Well, all except for one member of the family). Communications products have not faired as well and demand "remains soft." Flash memory is still in the dumps.
Overall, Intel's CFO Andy Bryant said it's business as usual at the company. As proof, he found time during an analyst call to plug Centrino.
Shares of Intel edged higher more than 2 percent during the day's trading to $21.84 and were climbing in the after hours market at the time of this report. ®
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