Intel hikes sales outlook on computing demand

September 10, 2007 – Citing strong demand in the computing sector, Intel is upping its estimates for its 3Q07 sales forecast to $9.4-$9.8 billion, above the higher end of a previous range of $9.0-$9.6 billion, and roughly 8%-12% higher than 2Q07. Gross margins also are expected to be “the upper half” of a previous range of 48%-52%, also better than the 46.9% reported in 2Q.

Intel said all other projections for 3Q remain unchanged: $2.7-$2.8B in spending (R&D plus MG&A), $1.1B in depreciation, ~$320M in gains from equity investments/interest/other, ~$150M in restructuring and asset impairment charges, and a 29% tax rate. Final 3Q07 results will be announced on Oct. 16.


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