Intel heeft de financiŽle cijfers van het derde kwartaal bekend gemaakt. Hoewel de omzet boven verwachting steeg, bleeft de winst achter. Yup, slechts 1,9 miljard dollar :
For the third quarter, Intel reported revenues of $7.33 billion, slightly more than the $7.3 billion expected. Earnings, however, came to $1.9 billion, or 55 cents a share, before accounting for acquisitions. While this represents an increase of 22 percent over earnings of 45 cents a share for the third quarter of 1998, it is less than was expected for the period. Analysts polled by First Call expected earnings of 57 cents a share, or nearly $1.97 billion. A number of analysts expected earnings to reach 59 cents per share.
[...] "Revenue growth was a little better than expected. Margin percentage was a little worse than expected," said Andy Bryant, Intel's CFO, on the conference call. Gross margin dipped from 59.4 percent to 58.7 percent, he said. Intel expected gross margin to rise.
The decline resulted from three factors, he said. The average selling price of Intel's PC chips fell because of an increase of low-cost PC sales combined with lost potential revenue from the delay of "some performance processors," Bryant said, or, in other words, the delay of the "Coppermine" Pentium III processors. Originally due in September, the Coppermine chips, which will run at 733-MHz, are now due on October 25.
In addition, Intel was hit with larger than expected costs associated with inventory and shifting to the more advanced 0.18-micron manufacturing process, which will be used with the Coppermine chips, he said.
In August, the company pushed back the release of the "Coppermine" Pentium III processors from an expected September release to late October because of problems in manufacturing the 600-MHz version of the chip. The delay also pushed back the release of Pentium III chips for notebooks.
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