Intel sharpens 1Q forecast

March 5, 2004 – Intel Corp., Santa Clara, CA, has tightened its revenue forecast for 1Q04 to $8.0-$8.2 billion, slightly below its previous range of $7.9-$8.5 billion.

Demand is consistent with the lower end of seasonal patterns, and “significantly higher” than the same period a year ago, the company stated.

CFO Andy Bryant said the dip in the projected midpoint of revenues was due to an inventory buildup in the Asia-Pacific and Japan regions during the fourth quarter that needs to be worked off, according to Dow Jones.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.