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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: StanX Long who wrote (61508)3/6/2002 4:11:22 AM
From: StanX Long  Read Replies (2) | Respond to of 70976
 
Intel, Sun Micro Meetings Expected to Clarify, Test Rebound
By Dan Goodin

quote.bloomberg.com

New York, March 6 (Bloomberg) -- Intel Corp. and Sun Microsystems Inc. investors say they expect to glean clues about how a possible economic recovery may affect the computer industry, as both companies hold conference calls tomorrow to update investors on financial progress in the quarter.

Intel may say revenue is coming in near the midrange of its forecasts as demand for personal computers picks up, analysts said. Sun isn't likely to go beyond previous forecasts that sales will rise ``slightly'' from last quarter as businesses continue to put off large information technology purchases.

The separate calls come after the Federal Reserve recently predicted that the economy will grow by as much as 3 percent in 2002, leading some analysts to conclude the U.S. recession may be over. Oracle Corp., the world's largest database software maker, Friday said fiscal third-quarter profit missed forecasts, suggesting the recovery could be slow for hardware companies.

``Coming on