Intel Raised Q4 Revenue Outlook

Intel raised its quarterly revenue outlook, citing strong worldwide demand for its microprocessors and reduced levels of inventories. Revenue in the quarter ending Dec. 25 is now expected to reach $ 9.3 billion to $ 9.5 billion, up from an earlier target of $ 8.6 billion to $ 9.2 billion. At those levels, Intel will set a new all-time high, breaking a record of $ 8.74 billion set in last year’s fourth quarter. Intel has made progress on a months-old problem with excessive inventory, and expects a net inventory decrease of several hundred million dollars by the end of the quarter. On a conference call, executives would not address their expectations for 2005, though the chip industry as a whole is expected to see a flat year. Intel has moved quicker than expected to cut back its inventories of unsold and unfinished chips. In some areas, Intel parts were in shortage.


Intel raised its quarterly revenue outlook, citing strong worldwide demand for its microprocessors and reduced levels of inventories. Revenue in the quarter ending Dec. 25 is now expected to reach $ 9.3 billion to $ 9.5 billion, up from an earlier target of $ 8.6 billion to $ 9.2 billion. At those levels, Intel will set a new all-time high, breaking a record of $ 8.74 billion set in last year’s fourth quarter. Intel has made progress on a months-old problem with excessive inventory, and expects a net inventory decrease of several hundred million dollars by the end of the quarter. On a conference call, executives would not address their expectations for 2005, though the chip industry as a whole is expected to see a flat year. Intel has moved quicker than expected to cut back its inventories of unsold and unfinished chips. In some areas, Intel parts were in shortage.

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