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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (2183)8/8/2002 12:19:45 PM
From: Proud_Infidel  Respond to of 25522
 
Intel says stands pat on 3rd-qtr revenue forecast

SAN FRANCISCO, Aug 8 (Reuters) - Intel Corp. (NasdaqNM:INTC - News), the world's No. 1 semiconductor manufacturer, said on Thursday it was standing pat on its earlier forecast for third-quarter revenue of $6.3 billion to $6.9 billion.

"There's no big surprises one way or the other," Andy Bryant, Intel's chief financial officer, told Reuters, adding that a good portion of the quarter's revenue will come in September, due to the back-to-school shopping season.

Intel said on July 16, when it reported second-quarter earnings, that it expected revenue in the third quarter to be flat to slightly up from second-quarter revenue of $6.32 billion.