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.

Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (10967)	10/15/2002 4:54:13 PM
From: stomper	Respond to of 30712

Intel's Earnings Rise vs. Dismal Year-Ago Tuesday October 15, 4:20 pm ET SANTA CLARA, Calif. (Reuters) - Intel Corp. (NasdaqNM:INTC - News) on Tuesday reported third-quarter earnings that rose from a year ago, when the chip industry was mired in its worst-ever slump, and the world's largest chipmaker said revenue in the holiday sales-driven fourth quarter would come in at $6.5 billion and $6.9 billion. Santa Clara, California-based Intel said net income rose to $686 million, or 10 cents a share, from $106 million, or 2 cents a share, a year ago. Revenue fell slightly to $6.5 billion, compared with $6.55 billion. Excluding one-time items, Intel said it earned 11 cents a share. On that basis, analysts had forecast Intel to earn 13 cents a share, within a range of 10 cents to 14 cents, on revenue of $6.52 billion, according to Thomson First Call.

To: Justa Werkenstiff who wrote (10967)	10/15/2002 4:55:13 PM
From: stomper	Read Replies (1) \| Respond to of 30712

16:27 ET Intel capex cut driven by construction savings This is a good one: (INTC) 16.52 +1.42: -- Update -- It's notable that Intel says the majority of its capex reduction is due to cost savings with ongoing construction projects; Intel noted on its last earnings conference call that it could drive capex savings through savings on construction projects, and that appears to be the case here. There is an important distinction between capex savings due to reduced investment in new semi equipment and due to construction savings. The news here is not as bad for semi equip cos as it appears at first glance