Wednesday, January 8, 2003
Intel sees little improvement in technology spending in the next six months but hopes demand from emerging markets such as China will drive an improvement in the second half of the year, according to a company executive.
The executive is hopeful that sales in the second half of the year will pick up.
Last month, Intel raised its fourth-quarter revenue outlook to $6.8 billion to $7.0 billion, from an earlier forecast of $6.5 billion to $6.9 billion, citing higher sales in Asia and stronger demand for its microprocessors.
In addition to China, India and Southeast Asia, Russia, Eastern Europe, the Middle East and Latin America are all considered emerging markets.
The executive said Asia-Pacific region accounts for about a third of the overall Intel revenues or about 45 percent of Intel's overall channel business.
By: DocMemory
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