Intel has provided sharper expectations for third-quarter revenue.
The company now expects third-quarter revenue to fall between $7.6bn and $7.8bn up from expectations of $6.9bn to $7.5bn when it announced second-quarter results on 22 August. Intel's third quarter ends on 27 September.
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Third-quarter demand for PC and server processors remains strong, but demand for communications products is still weak, Intel said.
The forecasted $7.7bn represents an 18% increase over Intel's third-quarter 2002 revenue of $6.5bn.
IDC agreed with Intel's assessment, raising its forecast for PC shipment growth to 8.4% for the remainder of the year.
Gartner has also recently increased its expectations for worldwide growth in PC shipments.
Tom Krazit writes for IDG News Service