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Tuesday, October 15, 2002 6:16:46 PM
17:53 ET Intel (INTC) 16.52 +1.42: -- Update -- On call, management's prepared remarks pretty much follow text of press release... did note that corporate purchasing remained weak in Q3 in the mature markets of Europe and that Asia-Pacific region set new revenue record for quarter with China achieving 39% yr/yr revenue growth... INTC -1.91 at 14.61
18:01 ET Intel expects to bring inventories down some in Q4 (INTC) 16.52 +1.42: -- Update -- In Q&A portion of call, says it expects to bring inventory down a little bit in Q4, which should take some pressure off underutilization charges... INTC -1.99 at 14.53
18:10 ET Intel hit wall in terms of cost savings (INTC) 16.52 +1.42: -- Update -- On call, says it is seeing a situation where it's just not seeing demand pick up and that it hit a wall in the way of cost savings, which was the biggest factor behind the disappointing margin performance in Q3... says margin improvement going forward will have a lot to do with demand... INTC -2.08 at 14.44
18:01 ET Intel expects to bring inventories down some in Q4 (INTC) 16.52 +1.42: -- Update -- In Q&A portion of call, says it expects to bring inventory down a little bit in Q4, which should take some pressure off underutilization charges... INTC -1.99 at 14.53
18:10 ET Intel hit wall in terms of cost savings (INTC) 16.52 +1.42: -- Update -- On call, says it is seeing a situation where it's just not seeing demand pick up and that it hit a wall in the way of cost savings, which was the biggest factor behind the disappointing margin performance in Q3... says margin improvement going forward will have a lot to do with demand... INTC -2.08 at 14.44
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