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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Kayaker who wrote (116733)	4/16/2002 4:36:14 PM
From: Kayaker	Read Replies (1) \| Respond to of 152472

Intel's Profit in Line with Forecasts Tuesday April 16, 4:25 pm Eastern Time Reuters Business SANTA CLARA, Calif. (Reuters) - Intel Corp. on Tuesday reported first-quarter earnings down slightly from a year ago, suggesting that its profit declines are nearing an end. The world's largest chipmaker also forecast a wide second-quarter revenue range of $6.4 billion to $7.0 billion. Santa Clara, California-based Intel said net income before acquisition-related charges was $1.0 billion, or 15 cents a share, compared with year-ago profit before charges of $1.1 billion, or 16 cents a share. Revenue rose to $6.8 billion from $6.68 billion. On that basis, the results were in line with the 15 cents a share analysts polled by research firm Thomson Financial/First Call had forecast. Estimates ranged from 13 cents to 16 cents a share and revenue was forecast at $6.79 billion. Analysts had forecast second-quarter earnings of 15 cents a share, within a range of 11 cents to 18 cents, on revenue of $6.67 billion, a decline of about 1.8 percent from first-quarter levels. Shares of Intel rose $1.34 to $29.45 on the Nasdaq before results were released, which came after the close of regular U.S. trading. The stock has declined 6.4 percent this year, compared with a 16 percent rise in the Philadelphia Semiconductor Index. biz.yahoo.com