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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (5585)	9/6/2001 12:53:37 AM
From: Augustus Gloop	Read Replies (1) \| Respond to of 10077

Wednesday September 5, 8:13 pm Eastern Time Intel's Sales to Be at Low End -Analysts By Duncan Martell SAN FRANCISCO (Reuters) - Intel Corp., the world's largest microchip maker, will likely lower its sales guidance for the third quarter to the lower end of an already given range, analysts said, as the semiconductor giant grapples with slowing economies around the globe and lackluster PC sales. ADVERTISEMENT The Santa Clara, California-based company plans to issue a news release after the market close on Thursday and hold a teleconference shortly thereafter to discuss its sales guidance given to analysts and investors last month. Intel (NasdaqNM:INTC - news) said on July 17 that it expected third-quarter sales of $6.2 billion to $6.8 billion, compared with the $6.3 billion it had in the second quarter. Intel's second-quarter net income fell 76 percent as the company was hit by a slowing economy, slack PC sales and a stinging price war with rival Advanced Micro Devices Inc. (NYSE:AMD - news) Most analysts don't expect any huge surprises when Intel's Chief Financial Officer Andy Bryant updates the quarterly guidance on the call on Thursday. ``We expect Intel to lower guidance to the lower end of the range of below the midpoint or some other way of saying flat,'' with the second quarter in terms of sales, wrote Lehman Brothers analyst Dan Niles in a note to clients. ``We believe that following their recent price cuts, demand initially surged but then tapered off, especially in the Asia Pacific markets,'' he wrote. Intel slashed prices on some of its Pentium 4 microprocessors by 50 percent last week, the same time it announced its Pentium 4 chip running at 2 gigahertz. Intel, which has about 80 percent of the market for microprocessors -- the brains of PCs -- should sell just over 29 million processors in the third quarter, compared with about 28.3 million in the second quarter, Niles wrote. U.S. Bancorp Piper Jaffray analyst Ashok Kumar wrote in a note to clients that he, also, expects shipments of processors to rise about 5 percent in the third quarter, from the second. That would lead to third-quarter sales that are roughly flat with the $6.3 billion it had in the second period. The third quarter is typically the PC industry's most lackluster, but this time it comes during a period of slowing PC sales and especially slack demand. On top of that, any boost in PC sales coming from Microsoft Corp.'s forthcoming Windows XP operating system, due out Oct. 25, won't materialize until the fourth quarter, analysts said. In fact, No. 1 PC seller Dell Computer Corp. expects industry sales to shrink 5 percent to 10 percent in the third quarter from the second, with ``maybe a slight uptick'' in consumer sales for the back-to-school season, Chief Executive Michael Dell said on Aug. 16. ``September, which is almost 50 percent of (sales for the quarter), will determine whether these new forecasts hold,'' Niles wrote of Thursday's mid-quarter update from Intel. ''September will be one interesting month.'' Shares of Intel rose 62 cents, or 2.3 percent, to $27.47 on Wednesday. The stock has plunged from $71.38 a year ago, as the high-tech industry slumped, economies around the globe slowed and PC sales declined as well.

To: MulhollandDrive who wrote (5585)	9/6/2001 1:03:00 AM
From: Jorj X Mckie	Respond to of 10077

well.......that certainly would be an interesting exercise.....maybe in my next life. :-)