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

To: Tenchusatsu who wrote (155301)	1/14/2002 6:44:34 AM
From: puborectalis	Respond to of 186894

Monday, January 14, 2002 Intel and AMD results could bring pleasant surprises By Duncan Martell Reuters (01/14/02, 03:02:45 AM EST) SAN FRANCISCO -- Advanced Micro Devices Inc. and Intel Corp. are expected to report fourth-quarter results this week that will likely top their recently increased guidance as holiday sales of personal computers were not as grim as most had expected, analysts said. The two, longtime rivals in microprocessors that are the brains of personal computers, raised their quarterly guidance on Dec. 6, with Intel, the world's biggest chipmaker, noting that it was having difficulty shipping enough Pentium 4 chips to customers amid stronger-than-expected demand. The fourth quarter, paced by holiday sales, is typically the industry's strongest. Revenues in the first quarter usually decline slightly on a sequential basis, although some analysts are forecasting Intel's revenues to be flat to slightly up in the current quarter. ``We suspect Intel's order book supports sequentially flat, or even slightly up revenues'' in the first quarter, wrote Salomon Smith Barney analyst Jonathan Joseph in a note. ``Strong demand for the P4 continues, and though there were signs that supply was coming in line with demand just before Christmas, we have heard that order lead times at some larger (PC makers) have moved out several days in the past week.'' Joseph raised his fourth-quarter earnings-per-share estimate on Jan. 4 to 12 cents from 10 cents and his revenue forecast to $6.98 billion from $6.8 billion, citing higher shipments of processors and slightly improved average selling prices. Joseph now estimates that Intel received an average $158 per processor compared with an earlier estimate of $155. On Friday, Lehman Brothers analyst Dan Niles also raised his earnings-per-share estimate for the fourth quarter to 12 cents from 10 cents, and his revenue estimate to $6.9 billion from $6.8 billion, citing increased average selling prices. Santa Clara, California-based Intel on Dec. 6 indicated it saw fourth-quarter revenues that could even exceed the high end of its previously forecast range of $6.2 billion to $6.8 billion. On the same day, Sunnyvale, California-based AMD said it expected revenues to rise 10 percent, or a bit more, from the third quarter's $765.9 million. In November, the company forecast revenues to be little changed to up slightly. ``In fact revenue may slightly exceed our previous expectations,'' Bryant said on conference call the day of its business update in December to discuss the update. ``Business appears to have returned to seasonal patterns.'' However, a revenue increase in the fourth quarter from the third is typically higher. In Intel's case, its revised guidance suggests a rise of 2 percent to 5 percent. Historically, that increase has been 10 percent or more. Analysts forecast Intel's profit at 11 cents a share, with a range of 10 cents to 12 cents, according to Thomson Financial/First Call. Revenues at Intel, which reports results on Tuesday, are pegged at $6.84 billion. AMD, for its part, unveiled its Athlon XP processor on Oct. 9, and said on Dec. 6 that demand has been strong, adding that it expects to surpass the record 7.8 million processors shipped last quarter. AMD, which reports results on Wednesday, also said that it expects its operating loss to be less in the fourth quarter than the third period's $135.4 million. Analysts expect AMD to report a loss of 18 cents a share on revenues of $840 million, according to First Call.