Posted on 03/10/2005 1:19:37 PM PST by BurbankKarl
Revenue Expected to be Between $9.2 Billion and $9.4 Billion SANTA CLARA, Calif., March 10, 2005 -- Intel Corporation expects revenue for the first quarter to be between $9.2 billion and $9.4 billion, as compared to the previous range of $8.8 billion to $9.4 billion.
The first-quarter gross margin percentage is expected to be approximately 57 percent, plus or minus a point, as compared to the previous expectation of 55 percent, plus or minus a couple of points, primarily due to lower than expected 65nm start-up costs and microprocessor unit costs. All other expectations are unchanged.
This Business Update is a scheduled update to the company's Business Outlook for the quarter, which ends April 2. Intel's first-quarter Business Outlook was originally published in the company's fourth-quarter 2004 earnings release, available at www.intc.com. The company will discuss this update during a public webcast at 2:30 p.m. PST today at www.intc.com, with a replay available until April 19.
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.
(4:30 PM EST)
yes, well, I bought it at 35 way back when!
Conference call is on. Stock has eased to around 24.95.
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