Intel Third-Quarter Business Within Expectations
Business Editors/High-Tech Writers
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 5, 2002--Intel
Corporation today provided a planned update to the company's Business
Outlook for the third quarter, which ends Sept. 28.
Intel expects revenue for the third quarter to be slightly below
the midpoint of the previous range of $6.3 billion to $6.9 billion,
and within a narrower range of $6.3 billion to $6.7 billion.
Microprocessor unit sales are trending toward the lower end of the
normal seasonal pattern. The company's flash business is in line with
expectations, while demand for other communications products remains
soft. All other expectations are unchanged.
Intel's third-quarter 2002 Business Outlook was originally
published in the company's second-quarter 2002 earnings release,
available on the Intel Investor Relations Web site at www.intc.com.
Intel will host a public webcast at 2:30 p.m. PDT today on the
Investor Relations Web site. A replay of the webcast will be available
until Sept. 12 on the Web site and by phone at 719/457-0820, passcode
472959.
Intel, the world's largest chip maker, is also a leading
manufacturer of computer, networking and communications products.
Additional information about Intel is available at
www.intel.com/pressroom.
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