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Sat, Dec 08, 2001 - Page 21 News List

Intel, Adv Micro raise 4Q targets

REBOUND?The two biggest makers of PC processors are raising their sales targets as the start of the holiday shopping season has seen consumers buying computers

BLOOMBERG , SANTA CLARA, CALIFORNIA

Net income in the year-earlier period was US$178 million, or US$0.53 a share, on sales of US$1.18 billion.

Desktop PC unit sales in US stores more than doubled for Thanksgiving week from the week before, compared with 74 percent week-on-week growth a year earlier, according to a Salomon Smith Barney report.

Hewlett-Packard Co last week said sales the day after Thanksgiving beat expectations. Gateway Inc executives also have offered optimistic remarks for the season.

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