Intel & Texas Instruments

As I expected, Intel narrowed its sales forecast for this quarter. The chipmaker now sees revenue of $9.8 billion to $10 billion. Last year, it had sales of $8.47 billion so this will be a good quarter. The company’s CFO said that gross margins will top 60%. Wall Street expects earnings of 36 cents a share. Right now, Intel has dropped about 80 cents in today’s session. Texas Instruments raised its sales forecast to $3.48 billion to $3.62 billion. TXN is trading about 20 cents higher.

Posted by on September 9th, 2005 at 3:15 pm


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