Courtesy of the Intel thread - News flash confirms Intel is sold out for the quarter. Is CPQ buying any of these chips???? From the twilight zone,
John
Intel , Brighter 4Q -2: Says Sold Out Of Chips For 4Q >INTC
11/19/98
Dow Jones News Service
(Copyright (c) 1998, Dow Jones & Company, Inc.)
By Maria V. Georgianis
NEW YORK (Dow Jones)-- Intel Corp. (INTC) set another 52-week high Thursday
as the computer chip maker continued to tell investors that its fourth quarter is looking
stronger than anticipated, and that business in the past two weeks is up more than
expected.
Intel Chief Financial Officer Andy Bryant told investors over a breakfast meeting in
New York Thursday that the company has sold out of chips for the fourth quarter and
that "costs are coming down dramatically," said Dennis McKechnie, portfolio manager
of the Pimco Innovation Fund.
Goldman Sachs & Co. analyst Joe Moore said Intel "sees a very good tone of
demand," in the fourth quarter. Goldman Sachs sponsored the Intel breakfast meeting.
There has been "incrementally more positive news" from Intel over the past few weeks,
said Donaldson Lufkin & Jenrette Corp. analyst Charles Boucher.
"Portfolio managers are increasing their weighting in large-cap semis," he said.
Last Friday, at Intel 's meeting with Wall Street analysts, the company indicated that the
fourth quarter is looking strong, Boucher said. And just a week ago the company
preannounced an above-expectation 8% to 10% sequential rise in fourth-quarter
revenue because of strong demand "across all market segments and all geographies."
Investors are assuming that the 8% to 10% revenue growth guidance over the third
quarter "is a floor for what the real performance will be," Boucher said.
(MORE) DOW JONES NEWS 11-19-98
02:24 PM |
