Technology

Intel Increases Its Revenue Outlook

AMD celebrates Barcelona, while Intel forecasts increased profits

By Alexandru Pancescu, Hardware Editor

11th of September 2007, 13:00 GMT

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In the same day that AMD decided to finally officially launch its native quad core processors, Intel posted a new and improved revenue forecast for the third quarter of the year as the central processing units manufacturing company cited a growing demand for the Intel branded processors. Intel increased its revenue forecast from a range of $9 billion to $9.6 billion to a higher range of $9.4 billion to $9.8 billion.

This new range comes as a record after the kind of

disappointing news presented for the same quarter in 2006 when the processors manufacturing company registered a drop of over 12 percent which led to a massive restructuring plan that included many layoffs and the sell of several divisions not directly linked to the computer processor producing business which remains the primary Intel trade. Despite the price war with its rival company, Advanced Micro Devices, which led to very low processor price tags that translated into decreased revenues for both companies, Intel posted global revenues for 2007 which were much higher than previously estimated. Intel managed to increase its profit by 44 percent in July, over the very same period of time in 2006.

The better than expected financial forecasts were posted by Intel in the same day that AMD launched its quad core family of central processing units which are designed for servers. It is expected by most computer hardware manufacturers that Opterons will give a good deal of trouble to their Xeon counterparts as the AMD processors are cheaper and theoretically better from the performance point of view. According to the news site infoworld, Intel is expected to see growing demand of processors from both the business market segment (server intended processors) and from the consumer markets, where the company claims most of the desktop and mobile computing segments already.

Apart from the new financial forecast, Intel also reported Monday the sale of another business division to the company RadiSys for $31.75 million. The sold division was in the business of making telecommunications boards and related equipments and thus not a part of the main Intel business. An Intel spokesperson said that this transaction was not included in the general financial forecast as the deal is expected to close later this month and many of the current Intel workers are most probably going to be hired by the new owner company in engineering, product testing/validation, operations and marketing departments.

TAGS:

Intel | forecast | revenue | financial | profit

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