Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 37.23

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To: Gottfried who wrote (183101)	1/18/2006 10:57:41 AM
From: Proud_Infidel	Read Replies (1) of 186894

Intel Likely To See Additional Downside To Estimates David Ng, 01.18.06, 10:39 AM ET J.P. Morgan analyst Christopher Danley offered a downbeat outlook for Intel following the company's fourth-quarter miss. "We continue to believe additional downside to estimates is likely due to a continued inventory correction and excess processor capacity in 2006," Danley wrote in a research note. The analyst reduced his calendar 2006 earnings-per-share estimate to $1.37 on revenue of $39.5 billion from $1.59 on revenue of $42.8 billion. He introduced calendar 2007 estimates of $1.52 per share on revenue of $43.0 billion. Danley characterized Intel's 2006 revenue guidance in a range of $9.1 billion to $9.7 billion as "below seasonal." He said Intel (nasdaq: INTC - news - people ) is being cautious due to excess customer inventory and a fourth-quarter market share loss to Advanced Micro Devices (nyse: AMD - news - people ). He added that Intel's yearly revenue outlook is "too aggressive" and expects first-quarter Taiwan results to fall below the seasonal average. For the fourth quarter, Intel reported earnings per share of 40 cents, which was 3 cents below the consensus estimate due to lower-than-expected gross margins and revenue. The research analyst reiterated a "neutral" rating on Intel.

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