Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: Yousef who wrote (79525)	5/6/2002 11:44:25 AM
From: tejek	Read Replies (5) \| Respond to of 275872

Yousef, Re. "How about you telling us..." >>Why don't you read this one<< I guess you must have missed this article this AM..........Barret thinks the world is flat. Sorry, no, Barret says Intel's second quarter will be flat....and boring. How come? Ain't the P4 doing the trick? ____________________________________________________________ Intel CEO Sees No Second-Quarter Improvement Reuters TAIPEI, Taiwan (May 6) - The chief executive of Intel Corp., 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. U.S. gross domestic product grew at an annual rate of 5.8 percent in the first quarter, its fastest pace in more than two years. Intel had earlier said it expected revenues of $6.4 to $7 billion in the second quarter, and the midpoint of the range suggests sales will be flat with the first quarter's $6.78 billion. (US$1 - T$34.7) Reut06:00 05-06-02 Copyright 2002 Reuters Limited.