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

To: Donald Wennerstrom who wrote (52313)	6/6/2011 5:29:44 PM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) \| Respond to of 95697

Jun 6, 2011 2:45 PM Intel Reaffirms Q2 View Posted by Tiernan Ray Following word from research firm IDC this morning that they’ve cut their outlook for PC unit shipments this year, Intel (INTC) spokeswoman Amy Kircos got in touch to let me know that, “Intel reaffirms our business outlook for the second quarter. Our results will speak for themselves on PC shipments for Q2 and 2011.” Intel’s CFO Stacy Smith, during the company’s conference call with analysts on April 19th, made the following remarks regarding the company’s outlook for this quarter and the year: We are forecasting the midpoint of the revenue range [for Q2] at $12.8 billion, flat to the first quarter and in line with historical seasonality. We are forecasting the midpoint of the gross margin range to be flat to the first quarter at 61%. The first quarter was a great start to 2011 and puts us on track to exceed our financial goals for the year. Seasonal growth from the first quarter puts us on the path towards another year of double-digit unit growth, and revenue growth in excess of 20% after the 24% growth we saw last year. blogs.barrons.com