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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector
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To: 18acastra who wrote (1276)3/4/1998 7:49:00 PM
From: kolo55  Read Replies (2) of 2542
 
Ouch- both Intel and AMD warn.

This could cause a sector downturn, particularly in ECMs that make a lot of PCs or peripherals.

Advanced Micro Devices Inc. (AMD)

ADVANCED MICRO DEVICES INC said its net loss in the 1Q would "increase significantly" compared to its loss of $12 million in the 4Q of 1997. The chipmaker also said revenues in the 1Q would "decline significantly." It had 4Q revenues of $613 million. The warnings were contained in the company's form 10-K annual report filed with the SEC on Tuesday. (Reuters 09:12 AM ET 03/04/98)

Intel Corporation (INTC)

After market close, INTEL CORP said its 1Q net income and revenues will be below expectations due to weaker- than-anticipated demand from
personal computer makers. Intel said it now expected its 1Q revenues to be about 10% below 4Q revenues of $6.5 billion and gross profit margins in the range of 53% of revenues. Wall Street analysts had been expecting Intel to report 1Q earnings of 93 cents a share. For the 4Q of last year, Intel reported net income of $1.7 billion, or 98 cents a share. Intel said that its first quarter earnings shortfall is primarily due to the part of its business called OEM turns, where PC makers order and receive their chip inventory within one quarter. (Reuters 04:39 PM ET 03/04/98)

Paul
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