by Anton Shilov
12/03/2002 | 06:28 PM
Despite of the current poor state of computer hardware market, Intel told analysts that their fourth quarter results will be slightly better. The Santa Clara-based company’s spokesperson declared that the revenue growth will achieve up to 6% sequentially, according to a report from SG Cowen. However, the Wall Street observers are less optimistic and expect 3% growth in sales in the fourth quarter.
Intel’s third-quarter 2002 revenue was $6.5 billion, 3% up compared to the second quarter this year. Although the demand on personal computer intended hardware does not seem to be high during the quarter, there may be some really positive trends on other markets, including server and handheld devices markets. <%BANNER[article]%>
All in all, expect Intel to report $6.7 to 6.9 billion sales this quarter. Analysts also think that the largest semiconductor maker on Earth will earn about $0.15 per share during the quarter, up $0.05 sequentially.