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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (44790)	10/14/2003 4:48:42 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Are present estimates too low? Intel initially predicted sales of between $6.9 billion and $7.5 billion. A few weeks later, it upped the estimate to between $7.3 billion and $7.8 billion. Last month, it narrowed the range to between $7.6 billion and $7.8 billion. Analysts expected third-quarter earnings of 23 cents per share on sales of $7.71 billion, according to a survey by Thomson First Call. Three months ago, the consensus estimate was a profit of 19 cents per share and $7.24 billion in revenue. "Our resolve to invest aggressively during the downturn is paying off with double-digit revenue growth and a doubling of profit compared to a year ago," said Craig Barrett, Intel's chief executive. The profits were driven by Intel's microprocessor group, which supplies the electronic brains of more than 80 percent of the world's personal computers. "Intel delivered excellent results in the quarter led by global strength in our computing-related business, resulting in record unit shipments of microprocessors and chipsets," Barrett said.