Word: intel
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Dates: during 2000-2009
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...Intel (INTC), which is the largest maker of PC and server chips in the world, announced earnings that beat analyst expectations. No one would have known that by looking at the collapse of the share price. The company, which has about 80% of the market for the main processors used in personal computers, is considered a bellwether for how hardware firms like Dell (DELL) and HP (HPQ) will do. Intel's figures are considered predictive of the strength of the sales of Microsoft's (MSFT) Windows...
...last quarter, Intel Corporation reported revenue of $7.1 billion, net income of $647 million and earnings per share of $.11. Revenue was $9.7 billion in the same period last year. Aside from topping expectations, Intel's CEO, Paul Otellini, said, "We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns." (See pictures of the Top 10 scared traders...
...Intel did two things the market dislikes. The first is that it said very little about how the company expected to be doing over the next two or three quarters. The firm would only indicate that revenue for the current quarter would be about flat with the last one. Intel also did not offer any evidence that the PC industry is beginning to do better or if companies were just ordering a few more chips to fill falling inventory. Intel's results are good news for the broader tech sector if PC companies are actually buying more chips because their...
...Intel earnings are a perfect example of why the market is having trouble recovering and why there is so little solid data to support the concept of an improving economy. The report that sales will be flat only implies that the worst will continue, not that it is in the past...
Large corporations have never had a lot of credibility when investors have attempted to interpret their predictions. The comments from Intel's CEO were gibberish. His business is dead, but for some reason he implies that the activity in his customer base is improving...