In a press conference with analysts and press Intel CFO Andy Bryant said the company expects Q4 revenue to be between $9.3 billion and $9.5 billion, higher than the previous range of $8.6 billion to $9.2 billion.

Analysts had been expecting Intel to report revenue of $8.97 billion and earnings of $0.28 per share.

"Revenue from microprocessors and chip sets are greater than anticipated in all major market segments and geographies," said Intel CFO Andy Bryant on a mid-quarter update call with analysts and press.

Intel has also sped up its inventory reduction. Previously the company stated it would save just below $50 million in Q4 inventory reduction. The Intel release issued Dec. 7 said the company expects to reduce inventory by "several hundred million dollars by the end of the quarter."

Bryant declined to revise inventory guidance for 2005 until January, when the company officially announces its Q4 earnings.

By: DocMemory
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