Intel Maintains the Middle

Updated from 4:46 p.m. EDT

Intel (INTC Quote) tightened its third-quarter sales goal around the midpoint of its original target late Thursday as the company continues to address supply issues.

The company's action was expected by many, as Intel is still dealing with an inability to meet all demand for its desktop chipsets, a factor that held back results in the second quarter.

Intel acknowledged this ongoing condition but said the quarter is proceeding overall as expected, with continued healthy growth in the PC market, especially for notebooks. "There is no real surprise in the revenue line," said CFO Andy Bryant during a conference call. ...