Intel more optimistic on third-quarter revenue

Intel has provided sharper expectations for third-quarter revenue.

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.

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

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