SANTA CLARA, Calif.--(BUSINESS WIRE)--Dec. 5, 2002--Intel Corporation today provided a planned update to the company's Business Outlook for the fourth quarter, which ends Dec. 28. Intel expects revenue for the fourth quarter to be between $6.8 billion and $7.0 billion, as compared to the previous range of $6.5 billion to $6.9 billion. The company's Intel Architecture business is performing above expectations, primarily due to higher sales in Asia. Intel's communications businesses are in line with the company's expectations at the beginning of the quarter.
The gross margin percentage is expected to be at the high end of the previous range of 49 percent, plus or minus a couple of points. Gains or losses from equity investments and interest and other are expected to be a net loss of $90 million, as compared to the previous expectation of a net loss of $50 million, primarily due to higher impairment charges on equity investments. All other expectations are unchanged.
Intel's fourth-quarter 2002 Business Outlook was originally published in the company's third-quarter 2002 earnings release, available at www.intc.com.
Intel will host a public webcast at 2:30 p.m. PST today at www.intc.com. A replay will be available until Dec. 12 on the Web site and by phone at 719/457-0820, passcode 113936.
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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