Hi Amy, just a couple additions to your very concise recap of the CC, thanks much for that:
Q4 GM will be a couple of points higher (GM 58.7 for Q3, so that's 60.7 for Q4!) because of improvement from .18 lower unit costs, inventory costs, and something else which I missed
What I wrote down about GM improvement prediction for 4Q was: seasonal improvement (guess this is a supply/demand driver, 4Q always being the best Q), plus better ASP (0.18 chips are faster, can sell for more) plus 0.18 efficiencies (more die/wafer, etc.). Also, he said that microprocessor production costs have been coming in lower than estimations for a while now. I'll give Process Boy some of the credit here.
And you're right, he didn't say significantly up revs for 4Q. I guess I manufactured that term myself when he said up vs. slightly up and he did say that his prediction for 4Q over 3Q is stronger than his prediction was for 3Q over 2Q, and the latter was up 8 or 9% as I recall. I know, a lot of hanging on words here and taking things all over the place re context. But you did report on this better than I did.
Did you say that Paul O. said that both microprocessors and chipsets set new records for shipments (revs or units?) in 3Q? And, he said that PIII is now the #1 selling micro in the world.
I think I was the first or among the first here to say yesterday that the CC was quite positive about 4Q, and I took some heat. On waking up to the news this morning, it looks like most of the analysts agree with me. You did your summaries last night and it looks like you see things as not so bad also.
Hello everyone, isnt this an exciting buying opportunity? I just finished reading many of the posts since last night (couldnt read them all because so many people posted) however, I dont think I say this information. If my poor old memory serves me right, INTC originally gave guidance of 52 cents this quarter THEN they came out awhile back and said things are going to be better then we thought--and street raised it to 57 cents. Well reality was 55 cents. Thats better than the original guidance but not so good as the UPGRADE in estimated earnings based upon INTC's comment. Well, were I INTC I would say, hey 55 cents beats 52 cents so in fact we were better than we thought. JDN
JDN, <Well reality was 55 cents. > It looks like real reality intel.com shows EPS of 0.42...
Of course, in wishful reality of "pro forma information", which "is not prepared in accordance with generally accepted accounting principles" intel.com the "excused" EPS looks more like 0.55. Who you want to fool?