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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (8630)	1/28/2004 2:35:02 PM
From: Proud_Infidel	Respond to of 25522

UPDATE - Intel executive backs first-quarter outlook Wednesday January 28, 2:28 pm ET (Adds context, stock price) SAN FRANCISCO, Jan 28 (Reuters) - Intel Corp. (NasdaqNM:INTC - News) President and Chief Operating Officer Paul Otellini on Wednesday said he remained very comfortable with the financial guidance for the first quarter that the company gave earlier this month. "I don't think any assumptions have changed since we gave guidance and we're still very comfortable with the guidance we gave," Otellini said, speaking during an interview with a Schwab SoundView Capital Markets analyst broadcast over the Web. On Jan. 14, Intel said it expected revenue to decline to a range of $7.9 billion to $8.5 billion in the first quarter from fourth-quarter revenue of $8.74 billion. Coming after a period of big holiday-related sales in the fourth quarter, the first quarter is generally one of the weakest for chip makers. Shares of Intel rose 20 cents, or 0.6 percent, to $31.83 in afternoon trading on Nasdaq.