To all: Who says WSJ is always negative on intc:
"September 16, 1996 WSJ Interactive edition
Intel Issues Upbeat Forecast
For 3rd-Quarter Results
An INTERACTIVE EDITION News Roundup
Intel Corp. issued an upbeat forecast for the third quarter, saying that business appears to be stronger than had been expected. The forecast was released after the close of stock-market trading Monday, but in electronic trading after the close Intel stock moved solidly higher. In trading on Reuters Holdings' Instinet system, Intel shares were quoted at $91.75, $3.125 higher than its market-closing price of
$88.625. The Santa Clara, Calif., semiconductor giant said it expects third-quarter gross margin to beat its 50% business model and third-quarter revenue to rise at least 5% from second-quarter levels.
But Intel said business levels are "inherently difficult to predict" in a so-called turns environment, in which customers make orders for immediate delivery.
Intel's second-quarter revenue was $4.62 billion. A First Call Inc. survey of 34 analysts put the third-quarter consensus earnings estimate for Intel at $1.14 a share. For the year-ago third quarter, Intel earned $931 million, or $1.05 a share, on revenue of $4.17 billion, after a gain of 3 cents a share on the sale of stock in another company."
Best Regards,
Greg Gimelli |
