Intel Says Its on Track with Revenue
The chipmaker forecasts that revenue will come in between $8 billion and $8.2 billion, citing strong sales of PC chips and chipsets and a growing demand for flash memory.The second quarter is unfolding pretty much as Intel expected. Speaking to analysts during a midquarter financial update Thursday, Andy Bryant, Intel Corp.s chief financial officer, said the giant chipmaker expects revenue to come in between $8 billion and $8.2 billion, a slight improvement over the $7.6 billion to $8.2 billion range officials set in April. "Everything seems to be pretty normal to us," Bryant said.
Bryant said sales of Intel Architecture productsincluding PC chips and chipsetsare coming in as expected, but that demand for flash memory is growing.