Intel reports sharp drop in chip sales; earnings finish higher than earlier forecasts

Article Abstract:

Intel Corp. has reported first fiscal-quarter earnings that topped its Mar. 9, 2001 lowered forecast, but has reported sales that are sharply lower than last year's figures. Earnings were reported at $1.1 billion, $200 million higher than had been forecasted. The company forecasts a healthier second quarter, estimating that revenue will be between $6.2-6.8 billion.

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Intel remains cautious amid conflicting industry reports

Article Abstract:

Intel Corp. has issued its sales and revenue forecast for the second quarter by saying the company is 'on target' to meet projections. It forecast revenue to be between $6.2-6.8 billion. The company is not sure on whether the semiconductor industry has hit bottom. Industry analysts predict a return to growth for the industry in 2002 and a rebound in sales to computer makers in the third-quarter of 2001. The Semiconductor Industry Association has predicted a drop in chip sales of 14% for 2001. National Semiconductor has posted a fourth-quarter loss.

Semiconductor industry, Forecasts and trends, Company sales/revenue

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AT&T Wireless Says It Wants a Suitor

Article Abstract:

AT&T Wireless has announced that it will seek a buyout offers for its troubled wireless services division. At least four companies have shown an interest in acquiring the wireless unit: Nextel Communications, Vodaphone, NTT DoCoMo, and Cingular which has already indicated it would pay $30 billion for the merger. Despite doubling its subscribers since it went public in 2000 and expanding its share in the corporate segment, its poor customer service record and difficulty in transfering subscribers' cellphone numbers to other cellular companies under new federal legislation that allowed the change hurt AT&T's ability to keep pace with competitors. During the fourth-quarter that ended Dec. 31, AT&T added 128,000 new subscribers while Cingular gained 642,000. There $4.22 billion in sales with a loss of $84 million.

Acquisitions & mergers, COMMUNICATION, Communications, Broadcasting and Telecommunications, Management dynamics, Labor Distribution by Employer, Management, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Company acquisition/merger, Statistics, Communications industry, Company earnings/profit, Company business management, AT&T Wireless Services Inc., Cingular Wireless L.L.C., AWE, Zeglis, John D.

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