Abstracts » Business, general

Intel's net climbs 72% to beat forecasts

Article Abstract:

Intel Corp. had 3Q net income of $2.5 bil on sales of $8.73 bil, compared to 1999 income of $1.46 bil on $7.33 bil. The company expect its gross profit margins to remain about 63% in the coming quarter, but is still cautious about predicting the strength of semiconductor demand at year-end. Second-half 1999 saw declines in demand related to delayed computer purchases over Y2K uncertainty. $966 mil in income this quarter was from interest and gains from sale of investments.

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Intel expects strong 4th-quarter results, a sign PC market continues to recover

Article Abstract:

Intel projected its 4th qtr 1998 revenue and sales to surpass expectations, signalling a continued PC market rebound in late 1998. The company anticipates an 8% to 10% improvement on its reported 3rd qtr 1998 revenue of $6.7 billion. Gross profit margins of 55%, meanwhile, will top the 3rd qtr 1998's 53% total. The world's leading chip vendor had previously expected only a slight improvement in both categories. Wall Street was expecting Intel to report per-share earnings of 95 cents for the 4th qtr 1998. This result could bolster investor confidence in the computer industry, which has faced unsettled international economies and a PC oversupply in the first half of 1998. Intel also could be widening its market share against other high-end and inexpensive chips. An analyst at Insight 64 notes strong demand for Intel's Celeron and lucrative Xeon chips.

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Intel posts earnings below expectations; chip-price cuts took toll, but firm sees strength in sales for rest of '99

Article Abstract:

Santa Clara, CA-based Intel Corp.'s second-quarter earnings came in below expectations. Income for the second quarter rose from last year's $1.17 billion to $1.75 billion, revenue was up to $6.75 billion from $5.93 billion and per-share earnings price of 51 cents. Financial analysts had been expecting revenue of $6.9 billion and a per-share earnings estimate of 53 cents. Aggressive price-cutting and seasonal-buying patterns were cited as the reasons for the disappointing results. Intel anticipates a much stronger second half. The pressure is on for Intel to introduce its Pentium III chip before AMD's Athlon, purported to be the fastest chip to date, is introduced. Intel has also concluded the initial design phase of its 'Merced' microprocessor which will be able to process data in 64-bit blocks and will be shipped mid-year 2000.

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