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

To: Road Walker who wrote (124563)	1/10/2001 10:48:49 AM
From: AK2004	Read Replies (1) \| Respond to of 186894

John did you forget the other part of their report that states: "Believe one of largest drivers for INTC-servers and laptops-will not grow as strongly as expected, instead growing between 20-25%-lower than 2000's growth rate." Regards -Albert INTC: Earnings Preview INTC preannounced negatively on 12/6 that weak demand across almost all geographies and products (and inability for Flash to make up the difference as it did in 3Q) would result in flat to modest decline (1-2%) in Q/Q rev. growth for 4Q. Processors should report negative Q/Q growth; with inventory overhang and normal seasonal weakness, we expect a 10% Q/Q decline for 1Q01. As we wrote on 12/18, even with our downward revision after the pre- announcement, we believe there is add'l downside risk to revised $0.37 EPS estimate. Our trip to Asia indicates a severe inventory overhang, owing to both weaker end-demand and forecasts, compounded by a weakening economic environment and near-zero visibility. We also believe there is significant risk to our 2001 est.-pricing environment continues to be aggressive with no relief until Labor Day. Believe one of largest drivers for INTC-servers and laptops-will not grow as strongly as expected, instead growing between 20-25%-lower than 2000's growth rate. Believe biggest hit to PC component stocks will occur 1H01, and rebound will not occur until late summer. Expect demand visibility to remain poor until at least Feb., and until then would recommend investors stay on the sidelines with any PC-related companies. Annual Prev. EPS EPS 12/01E $1.45 $1.66 12/00E 1.63 1.66 12/99A 1.16