Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Banc of America Keeps Buy on Intel


Banc of America keeps its buy rating on Intel (INTC).

Analyst John Lau says Intel will provide a mid-quarter update on Jun. 3 after the market closes. He expects the company will narrow its revenue guidance to $7.8 billion to $8 billion, from $7.6 billion to $8.2 billion, and also narrow the gross margin guidance. He forecasts $7.9 billion in revenue and 60.3% gross margin.

Quarter to date, Lau says motherboard and notebook shipments at Taiwanese original design manufacturers are in line with expectations, suggesting normal seasonality with a typical back-end loaded June quarter. He believes Intel's strong position in the PC sector will allow it to maintain pricing power and operating leverage better than almost any other chipmaker through 2005. Lau has a $35 target.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus