INTEL SEES SERVER SALES IMPROVING
By Mike Tarsala, CBS MarketWatch
Last Update: 12:46 PM ET Feb. 6, 2002
LA QUINTA, Calif. (CBS.MW) -- Intel (INTC: news, chart, profile) is starting to see a recovery in its server business and expects emerging markets to drive future growth, company executive Mike Splinter said Wednesday.
Speaking at the Goldman Sachs technology conference here, Intel's executive vice president of worldwide sales said the company is starting to see sales of its Xeon server processors increase as customers burn off computer inventories.
He expects sales to accelerate once Intel starts selling its high-end McKinley processor later this year.
"Big-name companies are trusting the Intel architecture to run critical applications," Splinter said. "This is a big change."
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CISCO EARNINGS TO BEAT ESTIMATES
Early Release Memo Shows Cisco Earnings Expected to Beat Second-Quarter Expectations
SAN JOSE, Calif. (AP) -- Cisco Systems Inc.'s earnings and revenues beat Wall Street estimates in the second quarter, the networking giant said after prematurely releasing the information to employees.
The memo distributed late Tuesday also said booked orders, for products only, were $3.9 billion, which exceeded an internal goal of $3.75 billion for its fiscal second quarter. |
