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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: Andrew who wrote (61984)1/14/2003 4:46:45 PM
From: Al Collard  Read Replies (2) of 62348
 
Intel beats estimates

Semiconductor manufacturer reports an unexpected gain in earnings and sales.
January 14, 2003: 4:22 PM EST

NEW YORK (CNN/Money) - Intel Corp., the world's largest semiconductor manufacturer, Tuesday said it earned 16 cents a share for the fourth quarter on sales of $7.2 billion, surpassing Wall Street estimates.

According to earnings tracking firm First Call, analysts were expecting Intel to post $6.9 billion in revenues and earnings of 14 cents a share for the quarter. Intel earned 15 cents a share on sales of $7 billion a year ago.

Intel, like other technology companies, has been struggling during the prolonged economic downturn. But Intel's problems have been compounded by the fact that its fortunes are heavily tied to the rapidly maturing personal computer industry.
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