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Intel Third-Quarter Business Trending Above Expectations

Company Updates Revenue Range to $7.3 Billion to $7.8 Billion

SANTA CLARA, Calif., Aug. 22, 2003 — Intel Corporation today provided an update to the company’s Business Outlook for the third quarter, which ends Sept. 27.

Intel expects revenue to be between $7.3 billion and $7.8 billion, as compared to the previous range of $6.9 billion to $7.5 billion. The company’s Intel Architecture business is generally trending higher across all geographies and channels while demand for communications products remains soft. Gross margin is expected to be 56 percent, plus or minus a couple of points, compared to previous expectation of 54 percent, plus or minus a couple of points. All other expectations are unchanged.

Intel’s third-quarter Business Outlook was originally published in the company’s second-quarter 2003 earnings release, available at www.intc.com.

As announced on July 15, Intel will issue a third-quarter 2003 mid-quarter Business Update press release on Sept. 4. However, the company currently does not plan to hold a conference call on that date.

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.
Intel is a registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.

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Intel Third-Quarter Business Trending Above Expectations

Company Updates Revenue Range to $7.3 Billion to $7.8 Billion

SANTA CLARA, Calif., Aug. 22, 2003 — Intel Corporation today provided an update to the company’s Business Outlook for the third quarter, which ends Sept. 27.

Intel expects revenue to be between $7.3 billion and $7.8 billion, as compared to the previous range of $6.9 billion to $7.5 billion. The company’s Intel Architecture business is generally trending higher across all geographies and channels while demand for communications products remains soft. Gross margin is expected to be 56 percent, plus or minus a couple of points, compared to previous expectation of 54 percent, plus or minus a couple of points. All other expectations are unchanged.

Intel’s third-quarter Business Outlook was originally published in the company’s second-quarter 2003 earnings release, available at www.intc.com.

As announced on July 15, Intel will issue a third-quarter 2003 mid-quarter Business Update press release on Sept. 4. However, the company currently does not plan to hold a conference call on that date.

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.
Intel is a registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.

Related posts brought to you by Yet Another Related Posts Plugin.