Intel sees significant revenue rise
Article Abstract:
Intel expects its 4th qtr 1996 revenue and profits to be significantly higher than its 3rd qtr results. Intel's forecast is a good indication that the 1996 holiday season will be profitable for the entire computer industry because Intel's processors are used in 80% of computers. Computer and semiconductor manufacturers, as well as other technology companies, depend on holiday sales for a significant portion of their annual income. Intel's quarterly dividend could rise to more than $1.63 per share, compared with 98 cents per share in last year's same period. Intel's 3rd qtr revenues were $5.14 billion with a gross profit of 57%. Analysts expect the company's 4th qtr revenue to be in the $5.7 billion range, with profits of 60%. Intel made its 4th qtr predications later than usual, waiting until the 1996 election was over and the California initiative that would have made it easier for investors to sue high-tech companies was defeated.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Intel's net handily beats expectations; but the chip giant says margins will be lower in the current quarter
Article Abstract:
Intel exceeded 4th qtr 1997 expectations, but the semiconductor giant predicted a comparatively flat 1st qtr 1998. The report also demonstrated Intel's ability to compete with inexpensive PCs, stronger competition and an Asian financial crisis. The company reported $1.74 in net income for the 4th qtr 1997, an 8.7% decrease from the 4th qtr 1996's $1.91 billion. Diluted earnings per share amounted to 98 cents, between analysts' consensus of approximately 90 cents a share and the 4th qtr 1996 total of $1.06. The $1.07 in basic earnings per share and $6.51 billion in revenue compared to the 4th qtr 1996's $1.16 and $6.44 billion respectively. Intel's 1997 net income of $6.95 billion, or $3.87 a share on a diluted basis, represents a 35% improvement over 1996's $5.16 billion, or $2.90 a share.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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Intel lowers profit, revenue predictions
Article Abstract:
Intel Corp lowers its revenue and profit predictions for 1st qtr 1998, citing slowed demand for PCs as a reason. The announcement is particularly surprising at a time of increasing popularity of less-than-$1,000 machines. Industry observers say several factors could be influencing the computer market, including the Asian financial crisis, a post-Christmas slowdown, a lack of new software to distinguish the latest computers, a computer-company transition to lower inventory levels and unexpectedly weak demand for portables. When the news was released, after the stock market closed on Mar 4, 1998, Intel's shares dropped from $86.4375 to $77.125 in after-hours Nasdaq trading.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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