Sept. 10 (Bloomberg) -- Intel Corp., the world's largest computer-chip maker, raised its third-quarter sales forecast as demand improved worldwide.
Sales will increase to $9.4 billion to $9.8 billion, rather than the previous forecast of $9 billion to $9.6 billion, Santa Clara, California-based Intel said today in a statement
Gross margin, the percentage of sales left after production costs, will be ``in the upper half'' of its forecast for 52 percent plus or minus a couple of points, Intel said.
Gross margins might be an issue, watch the stock and the 26 level. ES needs to stay above 1461.50 and QQQQ 48.33.
Sales will increase to $9.4 billion to $9.8 billion, rather than the previous forecast of $9 billion to $9.6 billion, Santa Clara, California-based Intel said today in a statement
Gross margin, the percentage of sales left after production costs, will be ``in the upper half'' of its forecast for 52 percent plus or minus a couple of points, Intel said.
Gross margins might be an issue, watch the stock and the 26 level. ES needs to stay above 1461.50 and QQQQ 48.33.
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