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Technology Stocks : Intel Corporation (INTC)
INTC 37.23+1.0%9:54 AM EST

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To: Dave who wrote (183142)1/18/2006 11:50:19 AM
From: GVTucker  Read Replies (1) of 186894
 
Dave, RE: While one month does not make "next year", do you believe that this could be a foreshadowing of weaker than expected 2006 demand given orders in the final four weeks of December?

You don't have to guess.

On the conference call, management gave the 1Q revenue range as $9.1 b-$9.7, well below the estimate of $10 b. Full year revenues were estimated to be $41.4 b-$42.3 b, below the earlier Street estimate of $42.3 b.

It's also notable that on the call management said that the mid-quarter update is now a thing of the past. Obviously the predictability of the business is not as good as it used to be. They don't want to see this big of a miss again.
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