Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 43.75

+0.6%

Dec 3 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Windsock who wrote (173344)	3/6/2003 4:25:07 PM
From: miraje	Read Replies (1) of 186894

Intel First-Quarter Business Within Expectations Thursday March 6, 4:15 pm ET SANTA CLARA, Calif.--(BUSINESS WIRE)--March 6, 2003--Intel Corporation today provided a planned update to the company's Business Outlook for the first quarter, which ends March 29. Intel expects revenue to be between $6.6 billion and $6.8 billion, as compared to the previous range of $6.5 billion to $7.0 billion. The company's Intel Architecture business is trending slightly above expectations and continues to follow seasonal patterns. Intel's communications business is trending below expectations due to lower than anticipated flash memory sales. The company expects the gross margin percentage to be slightly below the midpoint of the range of 50 percent, plus or minus a couple of points, due to higher than expected flash inventory reserves. Gains or losses from equity investments and interest and other are expected to be a net loss of $100 million, as compared to the previous expectation of a net loss of $125 million, primarily due to lower expected impairment charges on private equity investments. All other expectations are unchanged. Intel's first-quarter 2003 Business Outlook was originally published in the company's fourth-quarter 2002 earnings release, available at www.intc.com. The company will hold a public webcast at 2:30 p.m. PST today at www.intc.com. A replay will be available until March 13 on the Web site and by phone at (719) 457-0820, passcode 614945... biz.yahoo.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next