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Intel Corporation Message Board

  • billy_ray_valentine billy_ray_valentine Apr 18, 2013 10:17 AM Flag

    Intel Sales May Exceed Estimates on Demand for Server Chips

    Intel Sales May Exceed Estimates on Demand for Server Chips

    By Ian King

    April 17, 2013

    Intel Corp. (INTC), the world’s largest semiconductor maker, forecast second-quarter sales that may exceed some analysts’ estimates as strong demand for server chips helps make up for a slump in the personal-computer market.

    Revenue in the current period will be as much as $13.4 billion, the Santa Clara, California-based company said yesterday in a statement. Analysts (INTC) on average had predicted sales of $12.8 billion, according to data compiled by Bloomberg.

    Improving demand for powerful chips at the heart of corporate networks will blunt the impact of falling PC sales and help Intel boost revenue for the year, Chief Financial Officer Stacy Smith said. While a consumer shift to smartphones and tablets from PCs contributed to Intel’s third straight decline in quarterly revenue, its server-chip sales have benefited from the increased Internet traffic these mobile devices bring.

    “PCs and notebooks are being replaced by tablets and smartphones,” said Cody Acree, an analyst at Williams Financial Group Inc. who has a hold rating on Intel shares. “That is impacting the consumer side, but it’s not impacting servers and is actually driving heavier server traffic.”

    Intel shares fell less than 1 percent to $21.72 at 10:40 a.m. in New York, compared with a 2.7 percent decline for the Philadelphia Semiconductor Index.

    Annual Forecast

    Intel is sticking to its projection for 2013 revenue growth at a “low single-digit” percentage, Smith said. Most of that increase will be provided by a

    Sentiment: Strong Buy

 
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