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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (173227)	3/4/2003 1:02:22 AM
From: denni	Respond to of 186894

Intel to boost guidance outlook for Q1 Semiconductor Business News 3 March 2003 (11:02 p.m. GMT) Recent Articles Business Zuken streamlines European operation Manufacturing in Scotland continues to decline MIAC upgrades techniques to include copper IC repair Application processors to drive handset IC growth Ericsson backs microwave link for faster 3G roll-out More funding for Scottish start-ups as Essient opens HQ Samsung soars in flash memory market Archives SANTA CLARA, Calif. — Amid a PC uptick in Asia and other factors, Intel Corp. this week is expected to raise the outlook to the higher end of its guidance for the first quarter of 2003, according to a report from SG Cowen Securities Corp. here today (March 3, 2003). During Intel's mid-quarter update on Thursday, the microprocessor giant is projected to “raise the low end of its [revenue] guidance of $6.5-to-$7 billion” for the first quarter of 2003, according to the report from SG Cowen. SG Cowen itself estimates that Intel will report earnings of $0.13 per share on sales of $6.85 billion for the first quarter, according to the New York-based investment banking firm. In January, Intel projected that revenue in the first quarter is expected to be between $6.5-to-$7.0 billion. The company reported fourth-quarter revenue of $7.2 billion, up 10 percent sequentially and up 3 percent year-over-year. Fourth-quarter net income was $1.0 billion, up 53 percent sequentially and up 108 percent year-over-year. In the first quarter of 2002, Intel posted first-quarter revenue of $6.8 billion, down 3 percent sequentially and up 2 percent year-over-year. First-quarter net income was $936 million, up 86 percent sequentially and up 93 percent year-over-year. There are some positive signs for Intel in the current quarter, especially in Asia and the competitive landscape. “Taiwanese motherboard firms have seen strength entering into the [quarter], with Asia [showing] an increased portion of the PC market,” according to the report from SG Cowen. Intel is “benefiting from increased share and relatively stable processor pricing as [Advanced Micro Devices Inc.] is not competitive at the high end of the market,” the report added.