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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 159.42

-1.2%

Jan 16 9:30 AM EST

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To: Cooters who wrote (103985)	9/6/2001 4:20:50 PM
From: Ruffian	Read Replies (1) of 152472

Intel says Q3 sales to be at lower end of forecast SANTA CLARA, Sept 6 (Reuters) - Intel Corp. (NasdaqNM:INTC - news) said on Thursday that sales for the third quarter will be at the lower end of a range it set in July as the world's biggest semiconductor maker grapples with a global slowdown in personal computer sales. In mid-July, Santa Clara, California-based Intel forecast a wide range for third-quarter sales of $6.2 billion to $6.8 billion, a decline of as much as 29 percent from the company's 2000 third-quarter sales of $8.73 billion. Before Thursday's update, the 23 analysts surveyed by Thomson Financial/First Call expected Intel to post earnings of 8 cents to 13 cents a share, with the consensus at 10 cents. The mean sales forecast, based on 11 estimates, was for $6.41 billion.

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