Intel Sees Revenue GrowthIntel Sees Revenue Growth

Intel Corp. Thursday offered a more-precise estimate of the revenue it expects to report for the second quarter of 2003 during the company's scheduled mid-quarter conference call with financial analysts. The chipmaker now expects quarterly revenue to be between $6.6 billion and $6.8 billion, compared with the $6.4 billion to $7 billion originally forecast. This new range would put Intel ahead of its $6.3 billion in revenue for the second quarter a year ago.

Intel's business of making processors for servers and PCs continues to do well, said Andy Bryant, Intel's chief financial officer. But demand for chips that run communications devices remains soft and there's been a sharp drop in demand for flash memory.

Earlier this week, Intel introduced an improved Centrino mobile processor that runs at 1.7 GHz, as well as new low-voltage processors that run at 1.2 GHz and 1.0 GHz. The company says that later this month it will provide updated networking software to support the processor's additional security features. These features are designed to protect data transmitted while connecting to networks using wireless devices.