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Intel's Q1 outlook appears gloomy

Posted: 19 Apr 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Mark LaPedus? Intel?

Intel Corp. is seeing slower-than-expected growth in the PC sector.

"We expect Intel to report revenue of $8.95 billion (consensus at $8.94 billion), pro forma EPS of 26 cents, and GAAP EPS of 21 cents, which includes the expensing of options," said analyst Doug Freedman from American Technology Research Inc., in a report.

"We think the quarter tracked well below management's expectations," Freedman added. "We expect to hear that notebook and low-end desktop sectors were below expectations. We believe revenue guidance could be below both our and street estimates, driven by weaker notebook, emerging markets, and European sales."

Last month, Intel said that Q1 revenue will range between $8.7 billion and $9.1 billion, compared to the previous guidance of $9.1 billion to $9.7 billion. It cited weaker than expected demand and a slight loss of market share.

The company added that it expected Q1 gross margins to be adversely affected by the change in revenue. Expenses are expected to be lower than previously forecast due to lower revenue and profit-related spending.

- Mark LaPedus
EE Times




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