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Salomon Smith Barney says "channel checks" show that Intel Corp.'s (INTC average processor contract price may be lower than SSB anticipated. Analyst Jonathan Joseph told clients he's lowering his revenue forecast for the current quarter to $6.24 billion, down from $6.64 billion and the earnings estimate for the third quarter to 8 cents a share from 11 cents and to 47 cents a share for 2001, down from 54 cents. "Expectations for a meaningful Back to School selling season are rapidly fading in the personal computer component business," he said. Also on the overnight, Lehman Brothers predicted more pricing pressure in the industry impacting Intel and AMD (AMD
Intel Corp. (INTC is planning to drop a "price bomb" on Aug. 26 in an effort to take back market share from rival Advanced Micro Devices (AMD , Lehman Brothers analyst Daniel Niles tells clients overnight. Intel is planning to cut prices by 50 percent on high-end PIVs and will try to move the processor market above AMD's highest megahertz offering, the analyst said. He expects the price for the high-end PIV 1.8 GHz to drop to $260 from $562, and that the low end will be cut as well. Further cuts are anticipated in October if merited, he told clients. "For those who thought the price war was already aggressive, you haven't seen anything yet," Niles said. AMD has increased its share against Intel from 13 percent to 21 percent over the past two years, Lehman said. Shares of both chip makers were slightly lower in pre-open trading from the Friday close in light volume, according to market makers at Madoff Securities on Monday.
Medarex (MEDX reported second-quarter net income of $4.3 million, or 6 cents a share, compared with the consensus analyst forecast compiled by Thomson Financial/First Call of a breakeven quarter. In the same period a year ago, the biopharmaceutical company lost $5.6 million, or 8 cents a share. "Although Medarex had a profitable second quarter it does not anticipate that it will be consistently profitable for the foreseeable future," the company stated in a press release. Analysts are currently anticipated per share losses of 3 cents in the third quarter, and 5 cents in the fourth. Revenue for the latest quarter rose 43 percent to $13.9 million. The company added that it ended the quarter with $491 million in cash, cash equivalents and marketable securities. The stock closed Friday down 53 cents at $20.57.
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Intel Corp. (INTC is planning to drop a "price bomb" on Aug. 26 in an effort to take back market share from rival Advanced Micro Devices (AMD , Lehman Brothers analyst Daniel Niles tells clients overnight. Intel is planning to cut prices by 50 percent on high-end PIVs and will try to move the processor market above AMD's highest megahertz offering, the analyst said. He expects the price for the high-end PIV 1.8 GHz to drop to $260 from $562, and that the low end will be cut as well. Further cuts are anticipated in October if merited, he told clients. "For those who thought the price war was already aggressive, you haven't seen anything yet," Niles said. AMD has increased its share against Intel from 13 percent to 21 percent over the past two years, Lehman said. Shares of both chip makers were slightly lower in pre-open trading from the Friday close in light volume, according to market makers at Madoff Securities on Monday.
Medarex (MEDX reported second-quarter net income of $4.3 million, or 6 cents a share, compared with the consensus analyst forecast compiled by Thomson Financial/First Call of a breakeven quarter. In the same period a year ago, the biopharmaceutical company lost $5.6 million, or 8 cents a share. "Although Medarex had a profitable second quarter it does not anticipate that it will be consistently profitable for the foreseeable future," the company stated in a press release. Analysts are currently anticipated per share losses of 3 cents in the third quarter, and 5 cents in the fourth. Revenue for the latest quarter rose 43 percent to $13.9 million. The company added that it ended the quarter with $491 million in cash, cash equivalents and marketable securities. The stock closed Friday down 53 cents at $20.57.
kann man natürlich auch auf deutsch bei boerse-go.de finden eher etwas später
