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Technology Stocks : Neomagic Corp. (NMGC) -- Ignore unavailable to you. Want to Upgrade?


To: Taro who wrote (2317)1/12/1999 5:05:00 PM
From: vincenzo  Respond to of 3645
 
Taro - This should give you some indication of how Neo's revenues should fare:

SANTA CLARA, Calif. (CBS.MW) -- Shares of Intel Corp. look poised to rise Wednesday morning after the chip titan reported better-than-expected fourth-quarter earnings and record revenue.

Intel (INTC) said that earnings increased 21 percent to $1.19 a share, well ahead of the First Call estimate of $1.07 a share and the 98 cents it earned the same period a year ago. So-called whisper estimates of unpublished expectations ahead of the report reached as high as $1.15.

Fourth-quarter net income totaled $2.1 billion, up 18 percent from $1.7 billion last year.

Santa Clara-based Intel achieved record revenue in the United States, Europe and Asia-Pacific region, according to CEO Craig Barrett.

Revenue grew by 17 percent to $7.6 billion vs. $6.5 billion a year ago.

Seasonally strong demand for its P6 micro architecture products in the second half lifted the company's total 1998 revenue to a new record.

(by the way INTC is currently trading after hours at $139 up 3 1/2)

vincenzo