Tech Trader Daily
June 6, 2011, 2:45 PM ET.
Intel Reaffirms Q2 View
By Tiernan Ray
Following word from research firm IDC this morning that they’ve cut their outlook for PC unit shipments this year, Intel (INTC) spokeswoman Amy Kircos got in touch to let me know that, “Intel reaffirms our business outlook for the second quarter. Our results will speak for themselves on PC shipments for Q2 and 2011.”
Intel’s CFO Stacy Smith, during the company’s conference call with analysts on April 19th, made the following remarks regarding the company’s outlook for this quarter and the year:
We are forecasting the midpoint of the revenue range [for Q2] at $12.8 billion, flat to the first quarter and in line with historical seasonality. We are forecasting the midpoint of the gross margin range to be flat to the first quarter at 61%. The first quarter was a great start to 2011 and puts us on track to exceed our financial goals for the year. Seasonal growth from the first quarter puts us on the path towards another year of double-digit unit growth, and revenue growth in excess of 20% after the 24% growth we saw last year.
Bravo. Intel management finally showing some balls & providing leadership by calling out these misinformed or misleading analysts/research firms. I've been arguing for Intel management to do this for a long time & they are finally starting to listen.
I'm confident that Intel is headed to $30 sometime this year. I have very strong confidence that Intel will come in at above $13.3 Billion for Q2 in revenue, which is the high end of their guidance. Investors should already give Intel stock the great respect that it deserves.
Oh shet! The sky is falling and the stock is going up on no volume! What should I do with my shares? God, if I hold them they might go up and then I'd make money when I sold them and have to give some to Unky Sam. Hey I know, I could just never sell what I've got and then there won't be taxes. Yea! What do you think Loosie? Think that will work?