Looks like we will clean up on those INTC $15 calls, as the stock is printing 15.60 this minute...
No risk, no gain!!!!!!!!!!!!!!!!!
Intel Third-Quarter Business Within Expectations
Business Wire - September 05, 2002 16:16
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sept. 5, 2002--Intel Corporation today provided a planned update to the company's Business Outlook for the third quarter, which ends Sept. 28.
Intel expects revenue for the third quarter to be slightly below the midpoint of the previous range of $6.3 billion to $6.9 billion, and within a narrower range of $6.3 billion to $6.7 billion. Microprocessor unit sales are trending toward the lower end of the normal seasonal pattern. The company's flash business is in line with expectations, while demand for other communications products remains soft. All other expectations are unchanged.
Intel's third-quarter 2002 Business Outlook was originally published in the company's second-quarter 2002 earnings release, available on the Intel Investor Relations Web site at www.intc.com.
Intel will host a public webcast at 2:30 p.m. PDT today on the Investor Relations Web site. A replay of the webcast will be available until Sept. 12 on the Web site and by phone at 719/457-0820, passcode 472959.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
This Business Update and the July 16 Business Outlook are forward-looking and involve a number of risks and uncertainties. The gross margin percentage varies primarily with revenue levels, product mix and pricing, changes in unit costs, use of capacity, and timing of factory ramps. Expenses, particularly certain marketing and compensation expenses, vary depending on revenues and profits. The expectations regarding gains or losses from equity securities and interest and other assume no unanticipated events and vary depending on equity market levels and volatility, gains or losses realized on the sale or exchange of securities, impairment charges related to non-marketable and other investments, interest rates, cash balances, and mark-to-market of derivative instruments. |
