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.
Technology Stocks : Intel Corporation (INTC)
INTC 43.48+8.6%Dec 2 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tenchusatsu who wrote (181366)5/26/2005 2:29:52 PM
From: Proud_Infidel  Read Replies (1) of 186894
 
Analyst bumps up Intel's forecast for Q2

EE Times
(05/26/2005 11:30 AM EDT)

SAN JOSE, Calif. — An investment banking firm has raised its outlook for Intel Corp. due to strong demand in the desktop and notebook PC sector.

Demand for Intel's 90-nm desktop and notebook microprocessors appear to be stronger-than-expected for the second and third quarters of 2005, said Michael McConnell, an analyst with Pacific Crest Securities Inc. (Portland).

Intel (Santa Clara, Calif.) is also seeing strong growth for desktop processors in the emerging markets, while the company is experiencing booming demand for notebook chips in the developed markets, he said.

As a result, the analyst raised his Q2 and 2005 forecast for Intel. Intel was projected to earn $0.27 a share on sales of $8.9 billion in the second quarter of 2005, compared to actual earnings of $0.35 a share on sales of $9.43 billion in the first quarter.

The analyst revised his own forecast upwards for Intel to $0.29 per share on sales of $9.05 billion in the second quarter.

For 2005, Intel is projected to earn $1.39 a share on sales of $38.53 billion. Originally, Pacific Crest projected that Intel would earn $1.33 a share on sales of $38.08 billion this year.

In 2004, Intel earned $1.16 a share on sales of $34.21 billion.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News