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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (85481)	7/13/1999 5:24:00 PM
From: Tae Spam Kim	Read Replies (1) \| Respond to of 186894

Intel Q2 Disappoints - 5:18 PM EST - TK Intel announced 2nd quarter earnings two cents below Wall Street expectations. The company blamed a slow-down in microprocessor shipments. Intel is also suffering from a lack of killer apps for their new high-end Pentium III processors. The low-end and lower priced chips in the Celeron line perform almost as well compared to the PIIIs at a much lower price. Until new versions of applications ship that take advantage of the PIII's new multimedia extensions, Intel may have problems convincing customers to go with the more expensive chips. Moreover with the eminent release of AMD's Althon (K7) chip, Intel will be in the unenviable position of 2nd place in the x86 speed war for at least a few months. Hurt by a slowdown in shipments of microprocessors, Intel Corp. Tuesday reported second-quarter earnings that fell short of Wall Street estimates, but the world's largest chipmaker issued a positive outlook for the second half of the year. The Santa Clara, Calif., company recorded a profit of $1.7 billion, or 51 cents a share. Analysts polled by First Call expected Intel (INTC) to report a profit of 53 cents a share for the quarter. Revenue increased 14 percent to $6.7 billion. Intel outpaced its year-ago performance, when the company logged a profit of $1.2 billion, or 33 cents a share, on $5.9 billion in revenue. - CnnFn.com \|