Technology Bellwether Intel Ups Third Quarter Forecast

By Jessica Davis  |  Posted 2009-08-31 Email Print this article Print

In a potential harbinger of an economic recovery in the technology sector, chipmaker Intel has raised its third quarter expectations. The statement from Intel follows other positive statements from executives at PC and server manufacturers Dell and HP.

Technology financial performance bellwether Intel (NASDAQ:INTC) raised its outlook for the third quarter, saying it now expects revenue to be $9 billion, plus or minus $200 million -- a significant increase over the previous range of $8.5 billion, plus or minus $400 million.

That could be good news for the technology sector as a whole. Chipmaker Intel and other chipmakers make the basic physical building blocks that underlie all IT solutions.

The upgraded expectations follow recent positive statements from executives at PC and server makers Dell and HP about an expected increase in demand following the release of Microsoft Windows 7 and further chip advances from Intel and its smaller rival AMD.

Intel says the gross margin percentage for Q3 is expected to be in the upper half of the previous range of 53 percent, plus or minus two percentage points. All other expectations remain the same, the company says in a prepared statement.

Jessica Davis covers the channel for eWeek and Channel Insider. Her technology journalism career began well before anyone heard of the World Wide Web and has included stints at Infoworld, Electronic News/EDN, and the Philadelphia Business Journal. Her work has also appeared on CNN and She has covered hardware, software and networking, as well as the business side of technology. She has won several journalism awards, including a national ASBPE award for best staff-written column, and was named Marketing Computers hardest working tech journalist on their inaugural list of top tech journalists. Jessica can be reached at


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