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

To: BWAC who wrote (15545)	6/3/2004 4:55:30 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95383

I don't watch CNBC. I knew there had to be a reason. So what does everyone think of the INTC news? biz.yahoo.com Intel positive on revenue forecast, stock up Thursday June 3, 4:30 pm ET SAN FRANCISCO, June 3 (Reuters) - Intel Corp. (NasdaqNM:INTC - News), the world's largest microchip maker, on Thursday narrowed the range of its quarterly revenue forecast to the upper end, citing better-than-expected performance in its communications business. Shares of Intel, which fell 2 percent to $27.41 in regular trade on Nasdaq, rose to $28.06 in after-hours trading on INET. Intel said it now expected revenue of $8.0 billion to $8.2 billion, with a gross profit margin of 60 percent to 61 percent for the second quarter ending June 26. In April, Intel forecast quarterly revenue in the range of $7.6 billion to $8.2 billion, and gross margins of about 60 percent. The Santa Clara, California-based chip maker also said a state income tax audit relating to earlier returns will reduce its income tax expense by about $60 million in the quarter. All other expectations remain unchanged, Intel said.