Intel sales forecasts may exceed analysts' estimates
Boost expected from rising server demand and gain in PC chip market share
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INTEL Corp has forecast sales that may exceed analysts' predictions, helped by demand for machines that handle the rising tide of digital data and a greater share of the market for personal computer chips.
Third-quarter revenue will be US$14.3 billion, plus or minus US$500 million, the biggest maker of semiconductors said on Wednesday in a statement. That compares with analysts' average projection of US$14 billion, according to data compiled by Bloomberg.
