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Strategies & Market Trends : Take the Money and Run

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To: AugustWest who wrote (2100)	6/6/2002 4:24:03 PM
From: Oral Roberts	Read Replies (1) of 17639

It appears INTC guided lower and is sub 25 in after hours. I don't put much into AH since a lot can change but techs do not look pretty at this juncture. Intel expects second-quarter revenue to be between $6.2 billion and $6.5 billion, compared to the previous range of $6.4 billion to $7.0 billion. The lower revenue expectation is primarily due to softer than expected demand in Europe. Microprocessor units are at the low end of the normal seasonal pattern, with a weaker than expected mix. Intel's enterprise, mobile and communications businesses are in line with expectations. The company continues to expect a seasonally stronger second half.

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