Intel Says Its on Track with Revenue
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.
Flash memory, used to store data in devices such as handheld computers, has been a particularly sore spot for Intel, which saw its market share drop last year after raising prices. In contrast, flash memory has been a strong business for rivals such as Advanced Micro Devices Inc.
Bryant said the improvement in flash memory for Intel has come from two areas.
"Its a little bit better demand, a little bit better use of our factories," he said.
Intel, of Santa Clara, Calif., is due to release its second-quarter earnings July 13.