Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (42405)	1/12/1999 5:06:00 PM
From: Mr. Stress	Respond to of 119973

Intel profit jumps 21%, topping target By Cecily Fraser, CBS MarketWatch Last Update: 4:50 PM ET Jan 12, 1999 Also: Tech Report 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 So-called whisper estimates of unpublished expectations ahead of the report reached as high as $1.15.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 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. However, Wall Street will focus on the company's forward-looking guidance, and Intel said that it expects first-quarter revenue to be down from the fourth quarter, a normal seasonal shift. Seasonally strong demand for its P6 micro architecture products in the second half lifted the company's total 1998 revenue to a new record. The company also reported that in the fourth quarter it repurchased 16.5 million shares at a cost of $1.5 billion. For the fiscal year, Intel bought 80.9 million shares for $6.7 billion. Ahead of the news, shares fell 4 3/16 to 135 9/16. Cecily Fraser is a reporter for CBS MarketWatch.