SI
SI
discoversearch

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.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Knighty Tin who wrote (9191)7/13/2004 9:44:06 PM
From: mishedlo  Read Replies (2) of 116555
 
INTC inventories
Inventories at the end of the quarter were $3.2 billion, a 15 percent rise from the end of the first quarter. That's on top of an 11 percent increase in the first quarter. Wall Street is worried that Intel could be faced with an excess of chips if demand for PCs, servers and other tech hardware cools.

"It's all about the inventory. That's the biggest thing," said Kevin Rottinghaus, an analyst with FTN Midwest Research. "The company is going to have to work through some inventory this quarter."

Intel CFO Andy Bryant addressed this issue during a conference call with analysts Tuesday, saying that the company was planning to slow the output of some new chips in order to reduce microprocessor inventories by hundreds of millions of dollars by the end of the year.

Bryant added that he did not think Intel would need to write-down unsold inventory between now and the end of the year because demand in the second half should be strong

money.cnn.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News