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Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: tech101 who wrote (13066)	8/22/2003 11:21:46 AM
From: tech101	Read Replies (1) \| Respond to of 13565

Intel raises Q3 forecast amid processor demand By Mark LaPedus 08/22/2003, 9:00 AM ET SANTA CLARA, Calif. -- Citing strong demand for its microprocessor lines, Intel Corp. today (Aug. 22, 2003) raised its forecast for the third quarter of 2003. Intel expects revenue to be between $7.3-to-$7.8 billion in the third quarter, as compared to the previous range of $6.9-to-$7.5 billion. The company's processor "business is generally trending higher across all geographies and channels while demand for communications products remains soft," according to the chip giant. "Gross margin is expected to be 56 percent, plus or minus a couple of points, compared to previous expectation of 54 percent, plus or minus a couple of points. All other expectations are unchanged," it added.