Intel's Quarter to Offer Few Surprises
March 06, 2002 11:36:00 PM ET
news.moneycentral.msn.com
By Duncan Martell
SAN FRANCISCO (Reuters) - Intel Corp., when it issues its mid-quarter update on Thursday, won't drop any surprises on investors, and the world's largest chipmaker will likely say its quarter is on track with the guidance it gave in mid-January, analysts said.
Intel (INTC), based in Santa Clara, California, in January had forecast first-quarter revenue of $6.4 billion to $7.0 billion, which would be flat to down as much as 8.3 percent from the fourth-quarter's $6.98 billion.
With less than a month to go in the quarter, most analysts expect Intel to post revenue in the middle of that range, around $6.7 billion, with a few expecting revenue at the higher end. Revenue in the first quarter typically is little changed or down 2 percent or less from the December quarter.
``The personal computer industry, in my view, seems to be hanging in there pretty well but at the same time it doesn't seem to be terribly healthy in terms of growth,'' said Dan Scovel, an analyst at Needham & Co. |
