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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (194260)	7/13/2004 4:36:39 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1575621

JF, It's the ~900 dead kids that bother me, not his personality. It's the 3,000 civilians that bother me. Tenchusatsu

To: Road Walker who wrote (194260)	7/13/2004 4:41:09 PM
From: tejek	Respond to of 1575621

Intel in Line but Outlook Mixed By K.C. Swanson TheStreet.com Staff Reporter 7/13/2004 4:37 PM EDT Intel (INTC:Nasdaq - news - research) matched Wall Street's expectations for the second quarter, but offered a mixed near-term outlook. The chip giant said it now expects profit levels to be lower than initially expected for the year -- a troubling development -- but issued sales guidance with a midpoint above the consensus estimate. After the bell investors focused on the downside and the stock was recently down 84 cents, or 3.2%, to $25.30. In regular trading Tuesday, shares closed down 10 cents or 0.4% to $26.14. After the bell Intel said its second quarter profit totaled $1.8 billion, or 27 cents per share, up 96% from last year's levels but in line with the consensus estimate. Sales grew 18% to $8.05 billion, a hair below the consensus number for $8.10 billion. Intel forecast sales of $8.0 to $8.2 billion in its June mid-quarter update. Gross margins totaled 59.4% for the June quarter, below Intel's guidance for margins of 60% to 61%. The shortfall was due to a $38 million charge to recall Intel's Grantsdale chipset, announced in June, and because second-quarter revenue came in slightly below the midpoint of the updated range. In a comment that's sure to rattle some investors, the company dropped its gross margin outlook for 2004 by two percentage points, saying it now expects an average margin of 60%, plus or minus a couple of points, rather than 62%. The chipmaker lowered its sights because it now expects microprocessor margins to increase at a rate slower than previously expected. That's due to a slight reduction in average selling prices for the chips, combined with a slower-than-expected reduction in microprocessor unit costs. Intel forecast sales in the range of $8.6 billion to $9.2 billion for the quarter ending in September. The midpoint of the guidance, $8.9 billion, is above the Wall Street consensus estimate for $8.76 billion and implies sales growth of nearly 10%. Leading up to Tuesday's call, analysts had speculated that Intel might guide to anywhere from 5% to 10% sequential growth for the September quarter. thestreet.com