Intel narrows Q1 revenue estimates

Intel narrowed its first-quarter revenue estimate Thursday, announcing that it now expects revenue between US$6.6 billion and $6.9 billion for the quarter ending March 30.

Intel previously forecast revenue of $6.4 billion to $7 billion. The company said its microprocessor business is following traditional seasonal patters, while its communications businesses remain weak.

Intel reported revenue of US$6.7 billion in its first quarter last year, a 16 percent drop from the previous year.

Intel planned to host a conference call to discuss its outlook Thursday at 5:30 pm ET. The call will be Web cast at http://www.intc.com/.

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