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05-09-2003, Fri 12:15 AM
http://biz.yahoo.com/rc/030904/markets_stocks_afterthebell_1.html
16:21 ET INTC Intel narrows guidance to upper end of range (28.60 +0.38)
Co narrows the goal post to the upper end of the revenue range they provided on Aug 22. Co now sees Q3 revs of $7.6-$7.8 bln. On Aug 22, co expected $7.3-$7.8 bln. Gross margin is expected to be toward the high end of the previous range of 56%, plus or minus a couple of points. Tax rate upped to 28% from 24%. Rest of Aug 22 guidance is same.
16:21 ET INTC Intel narrows guidance to upper end of range (28.60 +0.38)
Co narrows the goal post to the upper end of the revenue range they provided on Aug 22. Co now sees Q3 revs of $7.6-$7.8 bln. On Aug 22, co expected $7.3-$7.8 bln. Gross margin is expected to be toward the high end of the previous range of 56%, plus or minus a couple of points. Tax rate upped to 28% from 24%. Rest of Aug 22 guidance is same.