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

To: Return to Sender who wrote (14449)	4/13/2004 4:45:18 PM
From: Return to Sender	Respond to of 95834

Intel Profit Jumps on Stronger Demand Tuesday April 13, 4:36 pm ET NEW YORK (Reuters) - Intel Corp. (NasdaqNM:INTC - News) reported a sharply higher quarterly profit on Tuesday as the world's largest producer of microchips benefited from stronger computer demand. In the Santa Clara, California-based company's first quarter ended March 27, it earned $1.7 billion, or 26 cents a share, on revenue of $8.1 billion. In the same period a year earlier, Intel reported a profit of $915 million, or 14 cents a share, on revenue of $6.75 billion. Intel forecast revenue for the second quarter in the range of $7.6 billion to $8.2 billion, compared to analysts' expected range of $7.85 billion to $8.40 billion. The company also said it expected second-quarter gross profit margin, a measure of the profitability of each sale, of 60 percent, plus or minus a couple of points. Shares of Intel, last year's best performer in the Dow Jones industrial average (^DJIA - News), closed up 7 cents to $27.67 on Nasdaq before the results were released. The shares dipped to $27.60 in after-hours trading on INET. The results included a $162 million, or 1.7 cents a share, charge related to a legal settlement that Intel reached last month with Intergraph Corp. (NasdaqNM:INGR - News) over a patent dispute. Wall Street was expecting a first-quarter profit in the range of 25 cents to 28 cents a share, with an average estimate of 27 cents, according to a poll of analysts by Reuters Research, a unit of Reuters Group Plc. biz.yahoo.com