Intel raises Q3 revenue and gross margin expectations

By Jos
Aug 28, 2009
  1. Even though its profits were recently sunk into the red by a one-time $1.45 billion fine from the EC, Intel has long been heralding brighter days for the PC industry as a whole. Back in April, amid general skepticism and economic uncertainty, CEO Paul Otellini declared the worst was over for the industry as inventories and demand slowly returned to normal seasonal levels. Things must still be improving, with Intel today sending out a press release saying it has raised expectations for the ongoing third quarter.

    Read the whole story
  2. red1776

    red1776 Omnipotent Ruler of the Universe Posts: 5,215   +154

    I thought the 1.45B fine by the EU was under appeal?
  3. Jos

    Jos TechSpot Staff Topic Starter Posts: 2,436   +81

    Yes, but they still had to pay the massive fine and will recoup the funds if the appeal is successful. (You can find our previous coverage here)
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