Intel Boosted Its Sales
This is the other great economic news. Intel boosted its sales outlook for the current quarter on Friday. This is the signal of the end to the deep PC market swoon.
Intel has increased their third-quarter revenue expectations. The expectation was from a range of $8.1 billion to $8.9 billion but the company raised it to a range between $8.8 billion and $9.2 billion.
According to CNN Money, Intel also said its gross margin will be in the “upper range” of its previous guidance of 51% to 55%. Well, this is one of the good economic news for us.
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August 29th, 2009
Financial News