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Earnings at Intel Beat Estimates, but Chip Maker Offers Weak Revenue Forecast.(Knight Ridder/Tribune Business News)

Knight Ridder/Tribune Business News, October, 2000 by Poletti, Therese

Oct. 18--Chip giant Intel Corp. reported third-quarter earnings that were better than Wall Street's reduced expectations, citing growth in all areas except its core processor business.

But the world's largest semiconductor maker also disappointed Wall Street with its forecast that revenues in the fourth quarter would grow 4 to 8 percent from third-quarter revenues of $8.7 billion. This anemic forecast surprised some analysts, especially since the fourth quarter is typically the strongest period for the PC industry.

"A few months ago, everyone was expecting a blowout second half," said Linley Gwennap, principal analyst at the Linley Group in Mountain View. "It's not going to be the big blowout we expected. . . . Intel is also trying to be conservative....

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