HOME     MENU     SEARCH     NEWSLETTER    
TECHNOLOGY, DISCOVERY & INNOVATION. UPDATED 2 MINUTES AGO.
You are here: Home / Enterprise I.T. / Intel Sees a Tech Recovery Ahead
Intel Joins Dell, HP in Seeing a Tech Recovery Ahead
Intel Joins Dell, HP in Seeing a Tech Recovery Ahead
By Mike Kent / Sci-Tech Today Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
AUGUST
28
2009



Relevant Products/Services has joined Dell and Hewlett-Packard in seeing a technology recovery ahead, led by consumer PC purchases. Stronger than expected demand for its microprocessors caused the chipmaker to raise its revenue Relevant Products/Services for the third quarter to about $9 billion, up from its July forecast of $8.1 billion to $8.9 billion.

The improved forecast pushed up Intel's stock Friday. Dell's stock also rose on hopes for improving PC Relevant Products/Services.

On Thursday, Dell reported a 23 percent drop in its fiscal second-quarter profit but still beat analyst estimates. CEO Michael Dell said, "If current demand trends continue, we expect revenue for the second half of the year to be stronger than the first half."

Last week, rival Hewlett-Packard reported a 19 percent drop in profit but also expressed optimism.

Besides the improved revenue forecast, Intel also raised its gross margin to the upper half of its predicted 51 to 55 percent range.

An economic stimulus package in China has raised hopes for PC sales, along with what appears to be the start of an economic recovery in the U.S.

Consumers and some businesses are expected to buy new PCs and laptops with the release of Relevant Products/Services's Windows 7 operating system in October. However, enterprises will probably delay purchases until next year.

Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
MORE IN ENTERPRISE I.T.

NETWORK SECURITY SPOTLIGHT
It could be the biggest Apple hack ever. More than 225,000 valid iPhone accounts have been compromised and thousands of certificates, private keys, and purchasing receipts stolen.

ENTERPRISE HARDWARE SPOTLIGHT
At a time when industry-wide PC sales are sliding, Lenovo just rolled out a major redesign of its ThinkPad Yoga and ThinkCentre products to meet the needs of business users for cutting-edge technology.

SCI-TECH TODAY
NEWSFACTOR NETWORK SITES
NEWSFACTOR SERVICES
© Copyright 2015 NewsFactor Network, Inc. All rights reserved. Member of Accuserve Ad Network.