Intel Corp. raised its sales forecast for the 3rd quarter to $8.8 billion... a potential signal of a recovery for the computer-based industry.
From Amy Thomson, Bloomberg:
Aug. 28 (Bloomberg) -- Intel Corp., the world’s biggest chipmaker, raised its sales forecast for this quarter, adding to evidence that personal-computer demand is recovering.
Third-quarter sales will be at least $8.8 billion, Intel said in a statement today. That compares with at least $8.1 billion the company projected last month. The company also increased its gross-margin forecast for the period.
Intel joins computer-industry companies including Dell Inc. and Hewlett-Packard Co. in predicting a recovery, and has credited consumers in Asia for a rebound in PC orders. The increase bodes well for the technology industry because Intel is a barometer for spending, said William Kreher, an analyst at Edward Jones & Co. in St. Louis.
