Rubber Duck
10th September 2007, 02:54 PM
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.
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.