Intel Sales Surge as Third-Quarter Profit Doubles

Joshua · 10-15-2003, 04:54 PM

Intel announced yesterday that its third-quarter profit more than
doubled year over year, thanks to stronger-than-expected sales in Asia
and Europe. As a result, the company exceeded its financial
predictions for the quarter. Intel posted a net income of $1.7 billion
(up 142 percent) on revenues of $7.8 billion (up 20 percent). Intel
also shipped a record number of microprocessors in the quarter.
"Intel delivered excellent results in the quarter, led by global
strength in our computing-related business, resulting in record unit
shipments of microprocessors and chipsets," Intel CEO Craig Barrett
said. "Our resolve to invest aggressively during the downturn is
paying off with double-digit revenue growth and a doubling of profit
compared to a year ago. Our product and technology leadership make us
well positioned to take advantage of improving demand. Going forward,
our strategy remains the same: Invest in leading-edge capacity,
develop innovative new products, and target growth opportunities
worldwide."
During a post-announcement conference call, however, Intel chief
financial officer (CFO) Andrew Bryant said that microprocessor sales
in the United States are still lagging behind other regions, so it's
still too early to declare the US corporate spending slump over.
"There is [still] no overwhelming rush to increase IT spending [in the
United States]," he said. Intel executives also noted during the call
that revenues will rise again in the fourth quarter, when the company
expects to deliver $8.1 billion to $8.7 billion in sales.

bachviet · 10-15-2003, 06:38 PM

I have Intel stocks but it haven't reached the price, which I paid for yet.

10-15-2003, 04:54 PM	#1
Joshua Rear Admiral Upper Half Join Date: Jan 2001 Location: Long Island, NY Posts: 3,390	Intel Sales Surge as Third-Quarter Profit Doubles Intel announced yesterday that its third-quarter profit more than doubled year over year, thanks to stronger-than-expected sales in Asia and Europe. As a result, the company exceeded its financial predictions for the quarter. Intel posted a net income of $1.7 billion (up 142 percent) on revenues of $7.8 billion (up 20 percent). Intel also shipped a record number of microprocessors in the quarter. "Intel delivered excellent results in the quarter, led by global strength in our computing-related business, resulting in record unit shipments of microprocessors and chipsets," Intel CEO Craig Barrett said. "Our resolve to invest aggressively during the downturn is paying off with double-digit revenue growth and a doubling of profit compared to a year ago. Our product and technology leadership make us well positioned to take advantage of improving demand. Going forward, our strategy remains the same: Invest in leading-edge capacity, develop innovative new products, and target growth opportunities worldwide." During a post-announcement conference call, however, Intel chief financial officer (CFO) Andrew Bryant said that microprocessor sales in the United States are still lagging behind other regions, so it's still too early to declare the US corporate spending slump over. "There is [still] no overwhelming rush to increase IT spending [in the United States]," he said. Intel executives also noted during the call that revenues will rise again in the fourth quarter, when the company expects to deliver $8.1 billion to $8.7 billion in sales. __________________ The Apexer formerly known as SnotRocket. "Like I **ing said, "Ok, so I hear it may be a repost. Blah But I had never seen it, so..." ** you Canta." -Jenny 12/4/2003

10-15-2003, 06:38 PM	#2
bachviet What's Da Pho*? Join Date: Aug 2001 Location: SoCal (714) Posts: 13,296	I have Intel stocks but it haven't reached the price, which I paid for yet. __________________ Dell Dimension 9200 \| Intel Core 2 Quad Q6600 (2.4GHz) \| 4x1GB DDR2 \| 256MB nVidia GeForce 8800GT Dell Studio 17 \| Intel Core i7-720QM (1.6GHz) \| 2x2GB DDR3 1066MHz \| 1GHz ATI Mobility Radeon HD 4650 Intel P4-C 3.0GHz \| ECS 865PE-A \| 3x512MB PC3200 \| 128MB PNY GeForce 6600GT

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