Intel Forecasts Revenue That May Exceed Analysts’ Estimates

Intel Corp., the world’s largest chipmaker, predicted first-quarter revenue that may top analysts’ estimates, signaling that the shortage of disk drives that throttled personal computer production may be ending.

Sales in the current period will be $12.8 billion, plus or minus $500 million, Santa Clara, California-based Intel said in a statement today. Analysts had predicted revenue of $12.8 billion, the average of estimates in a Bloomberg survey. Sales a year earlier were $12.8 billion.