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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (13724)	3/4/2004 4:16:19 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95383

For the record, here is what Briefing.com has to say about the upcoming INTC report tonight at 5:30 pm ET. <<15:12 ET INTC Mid-Quarter Update Preview 29.57 +0.53: Intel is scheduled to hold its mid-qtr update after the close at 5:30 PM ET today. It seems the expectations regarding the co's guidance are relatively low, with a majority of analysts expecting the co to narrow its rev guidance of $7.9-$8.5 bln (down 3-10% QoQ) to $8.3 bln (consensus), instead of guiding up, and expecting the co to maintain gross margin guidance of 60% plus or minus few points. Over the past few weeks there have been concerns regarding excess laptop inventory resulting (which JP Morgan cited in their March 1 downgrade), yet BofA said the weakness in notebooks reflects a short-term inventory correction and they maintain a positive outlook on CY04 notebook growth. Prudential notes in their preview that both Dell and HP, which together account for over 30% of INTC's revs, saw notebook growth that was significantly higher than overall PC growth in their Jan qtrs. On a final note, Wedbush (who called the last INTC mid-qtr update spot-on in Dec) said this is a rare case when merely guiding to consensus of $8.3 bln in sales and $0.28 in EPS will rally the stock.>>