Intel boosts outlook for third quarter
This was originally posted at ZDNet's Between the Lines.
Intel on Friday raised its guidance for third-quarter revenue, citing stronger-than-expected demand for microprocessors and chipsets.
Revenue is now expected to be $8.8 billion to $9.2 billion, compared to the previous guidance of $8.1 billion to $8.9 billion. Analysts had been expecting $8.55 billion in revenue. The company also said it expects gross margins to be in the upper half of the previous range of 51 percent to 55 percent.
The news comes on the heels of Dell's better-than-expected earnings report Thursday. The company … Read more