Intel Brightens Q3 Outlook Citing Robust Demand
Published September 10th, 2007
In what could be a hopeful sign for the technology sector amid mounting economic uncertainty and a sign it continues to win back market share from its main rival, Intel said Monday its revenue for the third quarter would be higher than previously forecast. Intel said it now expects revenue of $9.4 billion to $9.8 billion for the current quarter. That compares with a previous range of $9 billion to $9.6 billion. The world’s largest chipmaker cited “stronger than expected worldwide demand for its computing products” for the increased outlook.
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