Silicon Investor (SI) -- The First Internet Community

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 : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bo_ who wrote (43935)	4/17/2001 4:54:48 PM
From: Bo_	Respond to of 49816

Intel CFO saw some "good signs" in end of 1st qtr 4/17/01 4:53 PM ET SAN FRANCISCO, April 17 (Reuters) - Despite a 64 percent profit slump in the latest quarter, Intel Corp.(INTC.O), the world's largest computer chip maker, saw some "good signs toward the end of the quarter," the company's chief financial officer said on Tuesday, expressing confidence the second half would be strong. "In our microprocessor business, given what we saw happening in March gives us a lot more comfort that we'll have a pretty normal second quarter and a seasonally strong second half of the year," Intel's Chief Fianancial Officer Andy Bryant told Reuters in an interview. "The first quarter was difficult at best," Bryant said. "In March we saw a return to the time when customers started ordering new product again." Intel on Tuesday reported first-quarter profits before acquisition-related charges fell 64 percent to $1.1 billion, or 16 cents a share, from $3.04 billion, or 43 cents, a year ago. Sales fell 16 percent to $6.68 billion from $7.99 billion. The results slightly exceeded the consensus analyst forecast of 15 cents a share, according to Thomson Financial/First Call. tscquote.thestreet.com