 |
|
DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY / JULY 21, 2003; VOL. 2 NO. 29
|
Breaking News -
Platforms:
Q2 Intel Earnings Exceed
Expectations
Amid financial uncertainties throughout the industry, Intel Corporation,
the
world's largest producer of semiconductors, has reported Q2 earnings that
actually surpassed previously noted expectations. This increase was driven by
better than expected sales of Intel's high-end chips for personal and notebook
computers.
Earnings expectations had lingered around 13 cents per share, but earnings
closed out at 14 cents per share for the quarter. Earnings per share in Q2
2002 were only 7 cents.
Intel also showed a 1 percent improvement in revenue over Q1 2003, with
quarterly revenues of $6.8 billion. The Net quarterly income of $896 million,
however, represents a 2 percent drop from Q1 2003, but is more than double the
revenue from this quarter last year.
Intel is also raising its expected gross profit margins for 2003 as a whole
to
almost 54 percent, plus or minus two points, from the initial number of 50.9
percent.
Q3 sales projections have also been raised to fall between $6.9 billion to
$7.5 billion. Projected research spending has subsequently been raised $200
million, totalling $4.2 billion.
|