
Intel Investor Relations
http://www.intel.com/intel/finance/
8:43am 10/05/04
Lehman trims Intel's Q3, Q4 earns estimate (INTC)
By Tomi Kilgore
NEW YORK (CBS.MW) -- Lehman Bros. expects Intel Corp.'s (INTC) third-quarter revenue growth to be closer to the low end of the chipmaker's expected range of 3 to 8 percent.
Analyst Tim Luke also trimmed his third-quarter earnings estimate to 27 cents a share from 28 cents, his fourth-quarter earnings forecast to 30 cents a share from 31 cents, and his gross margin estimate for the second half of 2004 to 58 percent from 58.5 percent.
Luke believes desktop PC sales remain soft, back-to-school notebook sales have been mixed and sees some slippage in average selling prices.
He reiterated his "equal weight" rating on the stock and $22 price target. Intel is scheduled to reveal third-quarter results on Oct. 12.
http://www.intel.com/intel/finance/
Alfred E. Neuman Escreveu:Oct.12.04 at 2:30 PM PT
Q3 2004 Intel Corporation Earnings Conference Call
Dec.02.04 2:30 PM PT
Q4 2004 Intel Corporation Mid Quarter Business Update and Conference Call
Dec.07.04 9:00 AM through Dec.07.04 11:00 AM ET
Fall Analyst Meeting
8:43am 10/05/04
Lehman trims Intel's Q3, Q4 earns estimate (INTC)
By Tomi Kilgore
NEW YORK (CBS.MW) -- Lehman Bros. expects Intel Corp.'s (INTC) third-quarter revenue growth to be closer to the low end of the chipmaker's expected range of 3 to 8 percent.
Analyst Tim Luke also trimmed his third-quarter earnings estimate to 27 cents a share from 28 cents, his fourth-quarter earnings forecast to 30 cents a share from 31 cents, and his gross margin estimate for the second half of 2004 to 58 percent from 58.5 percent.
Luke believes desktop PC sales remain soft, back-to-school notebook sales have been mixed and sees some slippage in average selling prices.
He reiterated his "equal weight" rating on the stock and $22 price target. Intel is scheduled to reveal third-quarter results on Oct. 12.