SANTA CLARA, Calif.--As expected, Intel Corp. today said its fourth-quarter revenues are projected to be at the high end--or exceed--its previous forecast amid stronger chip sales, especially in Asia.
Intel expects revenue for the fourth quarter to be between $6.8-to-$7.0 billion, as compared to the previous range of $6.5-to-$6.9 billion.
The company attributed the new forecast to stronger-than-expected processor sales, primarily in Asia. Intel's communications businesses are in line with its expectations at the beginning of the quarter.
The gross margin percentage is expected to be at the high end of the previous range of 49%, plus or minus a couple of points. Gains or losses from equity investments and interest and other are expected to be a net loss of $90 million, as compared to the previous expectation of a net loss of $50 million, primarily due to higher impairment charges on equity investments. All other expectations are unchanged.
The announcement was expected. As reported by SBN earlier this week, the microprocessor giant is experiencing higher-than-expected chip sales, according to a report issued by SG Cowen Securities Corp. (see Dec. 2 story ).
Back in October, Intel originally projected that its sales would hit $6.5-to-$6.9 billion in the fourth quarter of 2002--or flat-to-6% growth from $6.5 billion reported in the third quarter of this year.
Intel reported a net of $686 million, or $0.10 a share, in the third quarter of 2002. In fourth quarter of 2001, Intel reported a net of $504 million, or $0.07 a share, on sales of $7 billion.
Projections for Intel are still all over the map. According to SG Cowen, Intel is expected to report 5% revenue growth quarter-over-quarter in Q4. Earnings are projected to hit $0.15 in Q4.
There is a consensus on Wall Street that Intel will report earnings of $0.12 on revenue growth of 3% quarter-over-quarter in Q4.
RSS
Digital
10 emerging technologies to watch:
EE Times has compiled a list of emerging technologies that we think will be worth watching out for in 2010. Biofeedback or thought-control of electronics are among the contenders.
Hot applications in 2010:
We've compiled a list of 10 technology applications you should watch for in 2010, ranging from e-book readers to 3-D TVs. We examine the features that make these apps so compelling as well unresolved issues.
Top 25 predictions for semis in 2010:
2010 is just beginning to unfold in the electronics industry. Looking into our crystal ball, we have released our own chip forecasts--and other predictions--for 2010.
Seven things to fix in 2010:
The editors of EE Times came up with their own informal list of things we hope engineers fix in 2010, spanning everything from nano-lithography to space travel. What do you want to see get done this year?
'09 moves that are shaping the future:
This was a brutal year, but the industry gets a nod for showing grace under fire. Here's our Top 10 guide to the coming year, illustrating what to expect in 2010.
10 CEOs out in 2009:
It's been a tough year for the global electronics industry and CEOs. We survey the dismissal of 10 industry CEOs during the first three quarters of 2009 and what's ahead for the rest of the year.
Notable women in microelectronics:
There is no better time than a global economic recession to examine the keys to successful corporate governance. So, EE Times has compiled an international list that celebrates women who are business and technology leaders in semis.
EE Times updates Silicon 60:
Seventeen companies have been added to the lastest version of our Silicon 60 list of emerging startups. Forty-three companies survived as emerging companies that are still worth watching.
RSS| 
Digital| 
Mobile
