Intel warns of revenue slide in 2000
- 24 January, 2000 12:01
Buoyed by strong demand for its microprocessors, chip sets, motherboards and flash memory, Intel recently announced good fourth quarter results that contributed to its thirteenth consecutive year of revenue growth.
Revenue for the company's fourth quarter ended December 25, 1999, rose to reach $US8.2 billion, and for 1999 as a whole, it reported $US29.4 billion in revenue.
But looking ahead to this year, Intel said it expects a slight fall in revenue in the first quarter of 2000 compared to the company's fourth quarter of fiscal 1999 due to seasonal factors.