Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

reshorted last AAPL pop $60.40 area ....Intel Corp-INTC estimates lowered, continue to be negative on shares-SP@RBCM

The firm is lowering its March quarter estimates to 21c/$8.88B from 23c/$8.98B as their checks show that unit growth is slowing further. The firm said that their checks also show that INTC's June quarter could be "much worse than seasonality" and they have lowered their estimates to 20c/$8.25B from 22c/$8.98B.



INTC Intel estimates cut at RBC (19.87 -0.11) -Update-

RBC slashes their ests, as latest checks indicate unit growth is slowing further. Firm is now expecting $8.87 bln in sales and $0.21 in EPS for Mar-Q (consensus $8.88 bln and $0.23). Firm says that inventory builds and market losses persist, but the PC foodchain continues to slow across most geographies. Firm also says that their checks now show the June qtr could be much worse than seasonality. AMD seems to be making inroads in notebooks now, Intel's historical bastion of strength.