All down hard after hours; INTC, AMAT, NVLS etc...
INTC at 14.72, AMAT at 11.85 and NVLS which actually beat estimates by 2 cents is down to 24.20. This rally is looking more and more like a house of cards to me.
From Briefing.com: INTC Intel guides Q4 revs below consensus, cuts 2002 capex & gross margin forecast (16.52 1.42) -- Update -- Expects Q4 rev to be $6.5-$6.9 bln, vs consensus of $6.9 bln, and expects 2002 capex to be about $4.7 bln, lower than the previous expectation of between $5.0-$5.2 bln. Gross margin for 2002 is expected to be about 49%, near the low end of the previous expectation of 51%.
INTC Intel misses by 2 cents (16.52 +1.42) Reports Q3 (Sep) earnings of $0.11 per share, $0.02 worse than the Multex consensus of $0.13; revenues fell 0.6% year/year to $6.50 bln vs the $6.50 bln consensus.
NVLS Novellus beats by 2 cents (26.13 2.68) Reports Q3 (Sep) earnings of $0.11 per share, $0.02 better than the Multex consensus of $0.09; revenues fell 24.1% year/year to $230.5 mln vs the $229.0 mln consensus. "The weak macroeconomic conditions and anemic demand have had a negative impact on our business in the second half of the year. Despite the economic malaise and resulting slowdown in demand from our customers, we remain committed to profitability and more importantly, generating cash from operations."
finance.yahoo.com^SOXX+ALTR+AMAT+AMD+BRCM+INTC+KLAC+LLTC+LSCC+LSI+MOT+MU+MXIM+NSM+NVLS+TER+TXN+XLNX&d=t
Thanks for getting the press releases on the thread.
RtS |
