Intel raises outlook on PC sales optimism

Microchip king Intel boosted its sales outlook for the current quarter on Friday, signaling an end to the deep PC market swoon.

The company raised its third-quarter revenue expectations to a range between $8.8 billion and $9.2 billion from a range of $8.1 billion to $8.9 billion. The new estimates trump Wall Street's revenue forecasts for the current quarter of $8.6 billion, according to a Thomson Reuters survey of analysts.

Intel also said its gross margin will be in the "upper range" of its previous guidance of 51% to 55%. Analysts currently expect gross margin of 53.2%.

Read Full Article from CNNMoney.com

- Posted: 2009-08-28 09:19:33

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