Feeds

Intel stays positive on Q3

Analysts agree

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Intel tightened the range of its third quarter revenue forecast on Thursday, pushing toward the high side of previous predictions.

The chipmaker expects revenue to fall between $7.6 billion and $7.8 billion for the period ending Sept. 27, according to a statement. Last last month, Intel made the uncharacteristic move of providing guidance ahead of today's planned mid-quarter update. At the time, Intel predicted revenue between $7.3 billion and $7.8 billion.

Intel is clearly optimistic about its PC and server processor businesses for the quarter. It likely provided guidance ahead of the mid-quarter update to reflect a steady stream of sales.

A number of analysts have upped their PC sales forecasts after seeing a slight upswing in the market. IDC, for example, is looking for PC sales to rise 8.4 percent year-on-year as opposed to its previous prediction of a 6.3 percent hike. It points to strong notebook and corporate sales as reason for the move.

Merrill Lynch also issued a recent note upping its PC shipment forecasts. The analyst firm was calling for 5 percent growth this year and 10 percent in 2004 but now says there will be a 7 percent hike this year and a 11 percent hike in 2004.

"Intel is seeing broad-based strength, motherboard numbers have been revised up, distributor Computacenter made positive comments, and our CRN Survey found improving SMB demand," Merrill said.

It, however, countered predictions of a corporate buying recovery.

"Large corporate demand . . . remains tepid with budgets in place," Merrill said. "Replacement demand is bound to pick up with the average PC over 4 years old and new technologies such as WiFi driving notebooks."

Intel is not seeing the same momentum from its communications business, which includes flash memory. The company said demand there remains soft.

Intel shares, along with a number of tech stocks, have benefitted from the recent bull run on the market. Since July, Intel's stock has risen from $20 per share to a close today of $28.60 - just below its 52-week high. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.