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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: BWAC who wrote (15543)	6/3/2004 4:32:00 PM
From: Return to Sender	Read Replies (1) of 95383

Intel narrows forecast to upper end of range Thursday June 3, 4:19 pm ET biz.yahoo.com SAN FRANCISCO, June 3 (Reuters) - Intel Corp. (NasdaqNM:INTC - News), the world's largest microchip maker, on Thursday narrowed the range of its quarterly revenue forecast to the upper end, citing better-than-expected performance in its communications business. Intel said it now expected revenue of $8.0 billion to $8.2 billion, with a gross profit margin of between 60 percent to 61 percent. In April, Intel forecast quarterly revenue in the range of $7.6 billion to $8.2 billion, and gross margins of about 60 percent. Simply a function of supply and demand. Demand is high enough at the top of the cycle for DELL to be able to raise prices and avoid throwing in as many freebies to make sales. RtS

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