Intel Increases Q4 Guidance

Intel raised its Q4 financial expectations to be between $9.3 billion and $9.5 billion, higher than the previous range of $8.6 billion to $9.2 billion, driven by strong worldwide demand for the company's Intel Architecture products. The fourth-quarter gross margin percentage is expected to be between 55 percent and 57 percent, as compared to the previous expectation of 56 percent, plus or minus a couple of points, and is expected to be in the upper half of the revised range. Intel continues to make progress on inventory reduction and expectshttp://www.intel.com