Intel Corp (INTC)

[was Adam]

All:

http://money.cnn.com/2002/12/02/markets/afterbell/index.htm

NEW YORK (CNN/Money) - Tech stocks could help lead the market higher Tuesday as two chipmakers, Texas Instruments and Chartered Semiconductor Manufacturing, both raised their revenue outlook.

Texas Instruments, one of the world's largest makers of chips for computers and cell phones, said that fourth-quarter semiconductor revenue will be down 2 percent from third quarter levels, rather than the previous guidance of a 5 percent drop, and that overall revenue will be down 7 percent instead of 10 percent, due to the seasonal drop in calculator sales.

It said it expects to earn 3 cents a share in the quarter, excluding special items, up from its earlier EPS guidance of 2 cents.

Shares of TI (TXN: Research, Estimates) gained $1.13, or 6 percent, to $20.90 in after-hours trading, after closing down 24 cents in regular-hours activity Monday.

Chartered (CHRT: Research, Estimates), a contract chipmaker, said it now expects revenue to be slightly better than expected, despite lower-than-expected average pricing, due to increased shipments and utilization. It said revenue should be up 39 percent compared with a year earlier, rather than its earlier guidance of a 37 percent gain. Its loss per American depository share should still be in the 47- to 49-cent range.

Shares of Chartered gained 36 cents, or about 6 percent, to $6.65 in after-hours trading after a loss of 15 cents in regular-hours trading.