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

To: Tony Viola who wrote (161460)	3/7/2002 6:17:55 PM
From: wanna_bmw	Read Replies (1) \| Respond to of 186894

Tony, here is some last day IDF coverage from Anand. I hadn't seen this before, but it has some interesting details on BBUL packaging and MEMS processors. Both look like really cool technologies, and I recommend checking it out. anandtech.com wbmw

To: Tony Viola who wrote (161460)	3/7/2002 6:58:30 PM
From: puborectalis	Respond to of 186894

Intel sees some strength in server demand, fab cost savings in Q1 Company expects results to be within previous forecast Semiconductor Business News (03/07/02 16:33 p.m. EST) SANTA CLARA, Calif. -- Intel Corp. is seeing slightly stronger-than-expected growth in server microprocessor sales and lower manufacturing costs in the first quarter, but overall the company's businesses are being driven as anticipated by normal seasonal patterns, said the chip maker's chief financial officer in a financial update today. No economic recovery has been detected yet by Intel in its businesses, cautioned the CFO, but there have been no unpleasant surprises as well, he said. The Santa Clara company said its microprocessor business continues to follow seasonal patterns in the first quarter, while the communications businesses remain weak. Based on the first two months of the quarter, Intel today said it expects Q1 revenues to be in a range of $6.6-to-$6.9 billion, as compared to a previous estimate of $6.4-to-$7.0 billion. Intel also said its gross margin percentage is expected to be within the previous guidance issued in mid-January and "above the midpoint of the range." On Jan. 15, Intel CFO Andy Bryant told analysts that the company expected a gross margin percentage of 50% in Q1, plus or minus a couple of points, compared to 51% in the fourth quarter. In today's conference call, Bryant said the gross margin would be above the midpoint of the previous guidance partly because of stronger sales in server markets and improved cost savings in Intel's production plants. However, the executive vice president told analysts that the Intel's markets remained in a year-long slump, driven up and down by seasonal factors at a lower levels of business. "We have seen no evidence yet of an economic recovery in our business," he said, responding to questions. The chief financial officer said Intel would update the economic outlook in the next conference call, after releasing the first quarter results in April. Just recently has Intel seen chip inventories move into a supply/demand balance, said Bryant, who would not comment on the inventory conditions at system houses. "You will get a better picture from them about their inventories," he said. All other expectations in the first quarter are unchanged from the prior guidance, said Intel. --J. Robert Lineback