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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (51841)	4/16/2002 4:36:02 PM
From: Sully-	Respond to of 99280

16:25 ET Intel rises $1.20 in after hours (INTC) 29.51 +1.40: -- Update -- For Q2, co sees revs of $6.4-$7.0 bln (consensus $6.7 bln); puts gross margin at +/- 53% vs 51.3% in Q1. Projects capital spending for 2002 of approx. $5.5 bln, which is in line with previous guidance.

To: Steve Lee who wrote (51841)	4/16/2002 4:37:55 PM
From: pompsander	Read Replies (1) \| Respond to of 99280

Intel current statement of revenue right in the middle of the estimate for next quarter is smart move. They have a mid-quarter conference on June 6, at which point they will guide up or down (probably up, I bet). Street delighted with mid-point estimate at this time, with improving margins. Seasonality in play here, as well. Assumption is if INTC hangs on through second quarter, back to school and economic recovery will fuel third quarter. We will see. Nothing to scare the shorts out, but nothing to discourage the bull either. The call will be interesting.