Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.15

-0.6%

9:30 AM EST

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To: willcousa who wrote (137023)	6/8/2001 12:34:46 PM
From: ColtonGang	of 186894

Daniel Niles PC & Semiconductor Analyst Lehman Brothers IN FOCUS - INTC Mid Quarter Update Signs of stability in microprocessor Business 2001 Q2 sales estimate 6.5B $6.29B versus $8.3B last year Gross margin is 49% INTC Analysis INTC mid-quarter report was pretty much as expected INTC lowered guidance to lower end of range Margins were lowered and that was a bit of a surprise Did not find out much about the second half except that it would be better That is nothing new as things always improve in the back half of the year Big question left unanswered is what impact will weakness in Europe have Can they make 13c in the Sep Q and have operating profits go up 20% sequentially during the summer? Dan does not think so Geographic problems are getting more intense Consumer demand is a bigger issue than people are anticipating HWP weakness will take time to reach INTC Last downgraded INTC from buy to MARKET PERFORM Sticking with that rating His feeling is that people are desperately trying to believe things are getting better JNPR warned today TXCC says down 75% sequentially HAND came out and cut their revenue forecast in half Everyone pretty much saying Europe is getting weaker Summer is difficult even in an upcycle Great opportunity to get out because fundamentally things are still getting worse INTC is above board Thinks inventories will be higher in March which were unusually low They are about 3-4 weeks removed from what their customers are doing Big issue is they are 3-4 week removed from customer weakness

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