News
 

Bookmark and Share

(0) 

With the war in Iraq presumably going to take longer than expected, analysts begin to cut their expectations on high-tech companies, as we predicted on Monday (see this news-story).

Lehman Brothers says that taking some profits in Intel may be the right course of action heading into earnings for short-term investors; although firm believes that the first quarter results are in-line with expectations, June quarter revenue guidance is likely to be down 2-3% quarter on quarter at the midpoint versus current consensus of down 0.6%.

The firm also notes that EPS expectations are flat quarter on quarter for June versus the +$0.01 earlier in the quarter, but this may also be too high.

Lehman maintains Overweight rating for INTC and $24 price target, according to In Play. Note that Intel Corporation may improve its ASPs and margins as a result of rolling-out the new Celeron processors 2.30 and 2.40GHz with higher-price (see this news-story), so, their financial results for the next quarter may be a bit better that is it expected now. Of course, everything will depend on the overall market situation.

Discussion

Comments currently: 0

Add your Comment




Latest News

Wednesday, October 8, 2014

8:52 pm | Lisa Su Appointed as New CEO of Advanced Micro Devices. Rory Read Steps Down, Lisa Su Becomes New CEO of AMD

Thursday, August 28, 2014

12:22 pm | AMD Has No Plans to Reconsider Recommended Prices of Radeon R9 Graphics Cards. AMD Will Not Lower Recommended Prices of Radeon R9 Graphics Solutions

Wednesday, August 27, 2014

9:09 pm | Samsung Begins to Produce 2.13GHz 64GB DDR4 Memory Modules. Samsung Uses TSV DRAMs for 64GB DDR4 RDIMMs

Tuesday, August 26, 2014

6:41 pm | AMD Quietly Reveals Third Iteration of GCN Architecture with Tonga GPU. AMD Unleashes Radeon R9 285 Graphics Cards, Tonga GPU, GCN 1.2 Architecture

Monday, August 25, 2014

6:05 pm | Chinese Inspur to Sell Mission-Critical Servers with AMD Software, Power 8 Processors. IBM to Enter Chinese Big Data Market with the Help from Inspur