Intel Posts 89 Percent Rise in Profits

Yahoo.com and Reuters ^ | april 13, 2004 | Daniel Sorid

[q_an_a]

Intel's profit surged to $1.73 billion, or 26 cents a share in the first quarter, including a $162 million charge related to the settlement of a patent dispute. A year earlier, the profit was $915 million, or 14 cents a share.

The company also said it expected second-quarter gross profit margin, a measure of the profitability of each sale, of 60 percent, plus or minus a few points.

[q_an_a]

saddened because, more chips in computers mean Business is buying more products which will include more people sitting at desks. The RATS will be on the run tomorrow; first Gorelick at 911 then Krugman at NYT.

[Constantine XIII]

I'm sure You Know Who will be deeply saddened.

[Steven W.]

this is particularly devestating because of how much chearleading the libs & shorts have been doing against this Intel report, dating back to last week, promising that other earnings releases that weren't so stellar meant Intel's news would be bad which, in turn, meant the sky was falling. Instead this is a total blow-out number and proves we are indeed in the midst of the best economy in 20 years.

[Guillermo]

But Intel outsources! They are UNPATRIOTIC!