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Old 10th September 2007, 02:54 PM
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Raised Intel outlook raises stock

The world's biggest chipmaker Intel says stronger-than-expected demand means it will beat its earlier forecasts for three month revenues.

Intel is seen as a gauge for the whole of the technology sector so this news may boost the rest of the Nasdaq.

Intel shares rose 2.5% to $26.11 in early trading following the news.

The company now says three month revenue will be between $9.4bn (£4.6bn) and $9.8bn (£4.8bn), up from a previous predicted range of $9.0bn to $9.6bn.

Intel also says that its gross margin will be in the upper half of the previous range of "52% plus or minus a couple of points".

http://news.bbc.co.uk/2/hi/business/6987598.stm

And why is Intel prospering when everyone else is flailing around?

Well, basically no one in the Far East is making processor chips, well at least not yet.
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Old 10th September 2007, 04:14 PM
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Re: Raised Intel outlook raises stock

intel is stronger in asia than it is in the west.
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Old 10th September 2007, 04:22 PM
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Re: Raised Intel outlook raises stock

Quote:
Originally Posted by touchring
intel is stronger in asia than it is in the west.
Thank-you, my point exactly!
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