Intel Corp. said Thursday that its fourth-quarter revenue would be $8.5 billion to $8.7 billion -- the high end of its previous forecast of $8.1 billion to $8.7 billion -- thanks to strong holiday sales of laptop computers and other electronic items.
Some analysts had hoped for a higher estimate from the world's largest computer chip maker, but "Intel is traditionally very conservative and tends to keep people's expectations down," said Graham Tanaka of Tanaka Capital Investments in New York. "They gave themselves room to beat the high end if they have a good December." Tanaka's firm owns about 100,000 Intel shares.
