Intel Confidence Up, to Buy more PCs
by: skeptically 11/27/01 11:40 am
Msg: 262068 of 262068
biz.yahoo.com
Tuesday November 27, 11:32 am Eastern Time
Intel more confident of meeting Q4 revenue target
SCOTTSDALE, Ariz., Nov 27 (Reuters) - Intel Corp. (NasdaqNM:INTC - news) management is increasingly confident of meeting its forecast for fourth-quarter revenues, Andy Bryant. Intel's chief financial and enterprise services officer, said on Tuesday.
Speaking to Reuters on the sidelines of a technology conference hosted by Credit Suisse First Boston, Bryant said management was ``getting more and more comfortable every day'' with Intel's projection of revenues of between $6.2 billion and $6.8 billion in the current quarter, ending December.
Wall Street analysts' on average forecast revenues for the No. 1 semiconductor maker of $6.56 billion, near the midpoint of its forecast range.
``Clearly Sept. 11 and all the events surrounding that make forecasting a little more difficult,'' Bryant said.
Bryant said Intel's internal spending on information technology in 2002 would be at about the same level as 2001, but the company would focus its spending on personal computer upgrades as opposed to network improvements.
``The mix will change dramatically. We cut back on desktop improvements last year. We really slammed the door on PC spending,'' Bryant said. ``The place where we will under-invest (next year) is the basic network.'' |
