Close
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Subscribe
Logo
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Subscribe
    Home Latest News

      Intel, AMD Pleased About Q4

      Written by

      eWEEK EDITORS
      Published December 6, 2001
      Share
      Facebook
      Twitter
      Linkedin

        eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

        Fueling optimism that the PC industry may finally be seeing signs of a recovery, the worlds top two PC chipmakers on Thursday raised revenue projections for the current quarter, citing stronger-than-expected processor sales in recent weeks.

        Intel Corp. and Advanced Micro Devices Inc., in separate mid-quarter updates, said that growing demand for the companies respective high-end processors, the Pentium 4 and Athlon XP, will result in the companies posting quarterly revenues at the high-end of previous projections.

        Worldwide, Intel, of Santa Clara, Calif., accounts for slightly less than 80 percent of the PC chip market, while AMD garners about 20 percent, according to Mercury Research, based in Scottsdale, Ariz.

        Both chipmakers suffered significant drops in revenue this year blamed on falling sales amid an industry-wide downturn, as well as an ongoing price war that further eroded profit margins.

        Executives with Intel said the company now expects fourth-quarter revenue to be between $6.7 billion and $6.9 billion, up from the previous range of $6.2 billion to $6.8 billion. Prior to the call, Wall Street analysts had been projecting revenue of about $6.58 billion, according to a survey conducted by Thomson Financial/First Call.

        While Intels latest forecast would mark an increase over the companys third-quarter total of $6.5 billion, it still remains well below the $8.7 billion the company took in during the same quarter last year, and even the $8.2 billion it collected during the final three months of 1999.

        For the third quarter of this year, Intel reported earnings of $106 million, or 2 cents a share, a 96 percent drop from a year earlier. While Intel did not predict its fourth-quarter income, analysts expect the chipmaker to earn about 10 cents per share during the period, according to Thomson Financial/First Call.

        AMD, based in Sunnyvale, Calif., reported that it now expects fourth-quarter sales to be about 10 percent higher than its third-quarter revenue of $765.9 million. Previously, the company had projected fourth-quarter revenues would be flat or up by a high single-digit percentage.

        Despite the higher revenue projection, AMD said it still expects to post a loss for the quarter, although it contends it will be significantly less than the $186.9 million it lost during the last earnings period.

        Overall, AMDs forecasted revenue will still come in well below the $1.18 billion it posted during the same period last year, highlighting the fact that while AMD is selling its processors in record numbers, its ongoing price war with Intel continues to undermine profits.

        While the chipmaker said its on track to sell a record number of its Athlon XP, Athlon and Duron processors this quarter, the company admitted that its flash memory business remains weak, with sales predicted to be “no better than flat” for the three-month period.

        eWEEK EDITORS
        eWEEK EDITORS
        eWeek editors publish top thought leaders and leading experts in emerging technology across a wide variety of Enterprise B2B sectors. Our focus is providing actionable information for today’s technology decision makers.

        Get the Free Newsletter!

        Subscribe to Daily Tech Insider for top news, trends & analysis

        Get the Free Newsletter!

        Subscribe to Daily Tech Insider for top news, trends & analysis

        MOST POPULAR ARTICLES

        Artificial Intelligence

        9 Best AI 3D Generators You Need...

        Sam Rinko - June 25, 2024 0
        AI 3D Generators are powerful tools for many different industries. Discover the best AI 3D Generators, and learn which is best for your specific use case.
        Read more
        Cloud

        RingCentral Expands Its Collaboration Platform

        Zeus Kerravala - November 22, 2023 0
        RingCentral adds AI-enabled contact center and hybrid event products to its suite of collaboration services.
        Read more
        Artificial Intelligence

        8 Best AI Data Analytics Software &...

        Aminu Abdullahi - January 18, 2024 0
        Learn the top AI data analytics software to use. Compare AI data analytics solutions & features to make the best choice for your business.
        Read more
        Latest News

        Zeus Kerravala on Networking: Multicloud, 5G, and...

        James Maguire - December 16, 2022 0
        I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
        Read more
        Video

        Datadog President Amit Agarwal on Trends in...

        James Maguire - November 11, 2022 0
        I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
        Read more
        Logo

        eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

        Facebook
        Linkedin
        RSS
        Twitter
        Youtube

        Advertisers

        Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

        Advertise with Us

        Menu

        • About eWeek
        • Subscribe to our Newsletter
        • Latest News

        Our Brands

        • Privacy Policy
        • Terms
        • About
        • Contact
        • Advertise
        • Sitemap
        • California – Do Not Sell My Information

        Property of TechnologyAdvice.
        © 2024 TechnologyAdvice. All Rights Reserved

        Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.