SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: lee kramer who wrote (16833)5/6/2002 7:59:22 AM
From: Connor26  Read Replies (4) | Respond to of 26752
 
morning Lee - INTC
Monday May 6, 6:01 am Eastern Time
Reuters Business Report
Intel CEO Says No Change to Second Quarter Outlook

TAIPEI (Reuters) - The chief executive of Intel Corp (NasdaqNM:INTC - news), the world's largest semiconductor maker, said on Monday expectations that second-quarter revenues would be flat had not changed despite signs of an improving American economy.

"I know we've seen relatively strong announcements of GDP growth in the United States, but as far as I can tell, that hasn't translated into corporate profitability or corporate IT investment growth," Intel CEO Craig Barrett told reporters.

"We're looking at a relatively flat second quarter. I don't think you're going to see any substantial uptick in the industry until corporate profits increase and you see investment in corporate IT infrastructure," Barrett said.

"I wish I had something better to tell you," he told reporters, after giving a speech on improving math and science eduction.