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

To: Amy J who wrote (177107)	2/23/2004 9:06:42 PM
From: Proud_Infidel	Respond to of 186894

UPDATE - Intel CEO says '04 revenues to rise 15 pct - paper Monday February 23, 8:59 pm ET (Updates with clarification from Intel) TOKYO, Feb 24 (Reuters) - Intel Corp (NasdaqNM:INTC - News) targets a 15 percent rise in revenues in 2004 compared with last year, Chief Executive Craig Barrett said in an interview with the Japanese business daily Nihon Keizai Shimbun, published on Tuesday. Demand for semiconductors as a whole is growing and revenues for the industry are expected to expand by about 15 percent, Barrett was quoted by the newspaper as saying. An Intel official said Barrett told the paper that the world's largest chip maker would like to keep pace with the overall market, meaning Intel would also be aiming for 15 percent revenue growth this year. The aggressive investments Intel made during the industry downturn in 2001 and 2002 are leading to an increase in the company's earnings, the paper quoted Barrett as saying. In January, Intel reported record quarterly revenue of $8.74 billion for the October-December period, up 22 percent from a year earlier. For the current quarter, Intel forecasts revenue in the range of $7.9 billion to $8.5 billion, versus sales of $7.16 billion a year ago. That would mark growth of between 10 and 19 percent.