Intel Corp.'s profit for first quarter just tops forecasts
Article Abstract:
Intel posts a net income of $894 million for the 1st qtr 1996, slightly higher than the predictions of most analysts but not high enough to provide a sure barometer of the health or direction of the larger PC market. Intel's revenues increased to $4.64 billion from $4.6 billion in 4th qtr 1995, a negligible gain that has not altered the company's prediction of a 17% to 20% general growth for the entire PC industry. Intel officials attribute their inability to forecast long-range market growth to the fact that computer manufacturers increasingly purchase their microprocessors on an as-needed basis rather than planning for future purchases. Despite the generally mixed results, Intel executives state that they are pleased with the quarter's outcome and are confident of the company's short and long term stability.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Semiconductor indicator falls to 9-year low
Article Abstract:
The book-to-bill ratio for the semiconductor industry drops to 0.80 for Mar 1996, down from the 0.89 expected by many analysts and the lowest such figure since the present method of calculation began in Jan 1987. The disappointing industry indicator was announced after the official close of the securities market, but after-hours technology-based share trading indicates that stock prices for many semiconductor companies will drop. The overstocked inventories of many system integrators and computer vendors and the improving chip-delivery times are two primary factors in diminishing semiconductor demand, but the chief cause remains slow growth in the demand for PCs.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Comment about this article or add new information about this topic:
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