Intel Sticks to Guidance, Likes PC Prospects

Updated from 5:06 p.m. ET

After weeks of speculation about whether it would lower its revenue forecast, microprocessor maker Intel (INTC Quote) Thursday stuck to its numbers, saying it expects second-quarter revenue to come in slightly below $6.5 billion.

On April 17, Intel had told Wall Street to expect revenue in a range of $6.2 billion to $6.8 billion. The consensus estimate among analysts polled by Thomson Financial/First Call was $6.3 billion.

In an upbeat conference call, Intel Chief Financial Officer Andy Bryant also expressed confidence in the personal computer market. Everything microprocessor-related, from orders to shipments, fell into seasonal patterns during the last two months, Bryant said. ...