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Intel reveals high second quarter revenues

OUT-LAW News, 19/07/2000

The world’s largest chip manufacturer Intel has reported quarterly revenues of $8.3billion and predicts that revenues for the next six months will be even greater. Intel’s success has been partially attributed to an unexpectedly high demand for PCs and servers.

Indeed, it appears that the company is finding it difficult to match the growth in sales of microprocessors and flash memory chips. This has given its main rival Advanced Micro Devices the opportunity to increase its profile on the market, but Intel maintains that it will recoup any lost business by the end of the year.

Intel is currently developing the Itanium chip for use in large corporate systems, which it hopes will take off later this year. It is also attempting to broaden its products by entering into network equipment and internet software supply, in addition to its role in producing chips for the mobile phone industry.

 

 

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