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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (14577)	9/6/2001 5:04:17 PM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

DJ Intel/Outlook -5: Yr Ago 3Q Gross Margin 64% >INTC A First Call survey of 23 analysts produced a third quarter earnings estimate of 23 cents a share. In the year-ago third quarter, the company earned $2.9 billion, or 41 cents a diluted share, excluding items, on revenue of about $8.73 billion. The company had a gross margin of 64% in the year-ago third quarter and the effective tax rate was about 31.8%, excluding the impact of acquisition-related costs. In late August, Intel reiterated guidance that it expects a "seasonal" improvement in the second half of this year. Paul Otellini, general manager of the Intel architecture group, told reporters in San Jose that the company has not changed its previous projection of a slight improvement in business during the fall sales season. The second half expectations are mostly attributed to the normal seasonal uptick that comes with back-to-school and holiday sales, not to any fundamental upswing in overall demand. There have been few signs of any pickup in demand going into the back-to-school season. With Microsoft Corp.'s (MSFT) release of its new Windows XP operating system scheduled for Oct. 25, some buyers could also be delaying their PC purchases. Intel reported sales of $13 billion in the first half of this year, which was well below the $16.3 billion reported in the first six months of 2000. In the second half of last year, the company reported sales of $17.4 billion. Intel began holding conference calls in the middle of the quarter to offer updated guidance, in part because for three straight quarters the company's forecasts had been too high and it had been forced to issue warnings. -Thomas Gryta; Dow Jones Newswires; 201-938-5400 (END) DOW JONES NEWS 09-06-01 05:03 PM * end of story *