Electronic Contract Manufacture (ECM) Sector Message Board

STOCKTALK

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.

Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kolo55 who wrote (1891)	11/10/1998 7:05:00 PM
From: kolo55	Read Replies (1) of 2542

Intel pre-announces better revenue growth. Tuesday November 10 6:20 PM ET Intel Predicts Strong 4Q Sales SAN JOSE, Calif. (AP) - Intel Corp. (Nasdaq:INTC - news) on Tuesday disclosed its fourth-quarter sales would exceed Wall Street forecasts because of surprisingly strong demand for personal computers that use its microprocessor chips. The disclosure was the second consecutive quarter that Intel has predicted surprisingly strong results in a positive sign for the broader technology industry, a key engine of the U.S. economy. Intel is considered by many market watchers to be a barometer of trends in computer hardware and software. When the world's largest maker of computer chips announced its earnings in October, analysts expected Intel to report only slightly higher revenue with its fourth-quarter results. The results will be released in January. The company said it's now expecting revenues of about $7.3 billion, 8 to 10 percent higher than the third quarter's $6.7 billion. That would make this year's fourth quarter revenue 13 percent higher than the $6.51 billion revenues reported in last year's fourth quarter. Intel attributed the improved outlook to stronger-than-anticipated demand for personal computers that use its chips for brainpower. Specifically, personal computer makers who buy Intel chips have been clearing older models out of their inventory for the previous two quarters, and are now starting to assemble more new personal computers for sale. Cost-cutting is also helping to strengthen results. In April, the company announced plans to cut 3,000 jobs in its broadest work force reduction in a decade. The company said it hopes to be within a few hundred people of that goal by the end of this year. Intel made the disclosure after the close of financial markets. The company's stock rose $1.561/4 to $97.561/4 in Tuesday trading on the Nasdaq Stock Market.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next