Feeds

Intel disappoints investors with lowered Q3 outlook

Chip and flash sales fall

  • alert
  • submit to reddit

Boost IT visibility and business value

Intel has pulled back its third quarter revenue guidance, pointing to a slowdown in chip and flash memory sales as reasons for the move.

Intel is now looking for third quarter revenue to come in between $8.3bn and $8.6bn. The chipmaker has previously advised analysts and investors that revenue for the period would be between $8.6bn and $9.2bn. Intel regularly provides mid-quarter updates on its business but is more accustomed to holding guidance steady or even raising forecasts.

Intel declined to say whether PC or server processor shipments were lower than expected. It would only say that microprocessor sales overall were disappointing. The company added that its troubled flash memory business did not perform as hoped.

A number of analysts expected Intel to trim its third quarter outlook. SG Cowen Securities pointed to poor notebook sales as one reason for the move. The firm also noted that Intel had been reducing chip prices to get rid of excess inventory.

Intel has been suffering from large scale problems with its chip manufacturing, which have triggered a number of product delays. The company is also facing increasing competition from AMD in the server processor market. ®

Related stories

IBM and Intel open some blade server specs
Intel Q3 sales to barely meet guidance - report
Intel adds 90nm Celeron M mobiles
Intel preps 2MB L2 Pentium 4 6xx line?
AMD to demo dual-core Opteron box
Itanium sales fall $13.4bn shy of $14bn forecast

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Judge nixes HP deal for director amnesty after $8.8bn Autonomy snafu
Lawyers will have to earn their keep the hard way, says court
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.