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.
“Consumers are driving the strength and the relative strength in PCs,” said Kreher, who recommends buying the shares and doesn’t own any. “We do have an expectation that 2010 will bring renewed demand from the corporate sector as well.”
Intel, based in Santa Clara, California, advanced 78 cents, or 4 percent, to $20.25 at 4 p.m. New York time in Nasdaq Stock Market trading. The stock has gained 38 percent this year.
Analysts predicted sales of $8.57 billion, according to the average estimate in a Bloomberg survey. Sales were $10.2 billion in the third quarter of 2008.
Source :- Bloomberg
Maybe there's still big demand on computer that make Intel raises sales forecast while the competitor still struggling. But it still forecast, maybe it happen maybe not..
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