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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lone Star who wrote (34888)	4/18/2000 5:14:00 PM
From: Mark Duper	Read Replies (1) \| Respond to of 70976

April 18, 2000 4:40 PM Intel Easily Tops Analysts' Best Estimates NEW YORK -(Dow Jones)- No. 1 semiconductor maker Intel Corp. late Tuesday reported first-quarter earnings that easily topped analyst expectations amid a 13% rise in revenue. Intel (INTC) said net income came to $2.73 billion, or 78 cents a share on a fully diluted basis, compared with $2 billion, or 57 cents a diluted share, in the year-earlier period. Revenue increased to $8.02 billion from $7.1 billion. Results included $375 million in acquisition costs. Excluding charges but including a $600 million, or 17 cents a share, tax benefit, Intel said it would have posted earnings of $3.1 billion, or 88 cents a share. The mean estimate of 32 analysts surveyed by First Call/Thomson Financial was for earnings, excluding items, of 69 cents per share. The so-called whisper estimate was for earnings of 75 cents a share. Analysts had looked for the Santa Clara, Calif., company's earnings to come in a few pennies above 70 cents a share and revenue to top $8 billion. The range of estimates for the quarter stretched from 65 cents to 75 cents a share, all of which included estimates for Intel's latest stock-portfolio gains. Intel, the world's biggest maker of computer chips, is recovering from a chip shortage that has partially throttled personal computer manufacturers for months. Since October, high demand and manufacturing problems caused a shortage of both high-end Pentium IIIs and low-cost Celerons. Dell, the No. 1 direct seller of PCs, and Gateway Inc., among others, complained about chip shortages denting sales. Intel has since cranked up production to meet the unexpected surge in demand and has stepped up spending on new facilities and equipment to boost output using its 0.18-micron process technology. The company plans to raise capital spending to $5 billion in 2000 from $3.4 billion in 1999. (Compiled from Dow Jones Newswires and other sources) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved.