Prudential cuts both ‘Zillas’ 2001 earnings

Chip and Chimp go down

  • alert
  • submit to reddit

The essential guide to IT transformation

Prudential Securities has cut its earnings predictions for both AMD and Intel for the current calendar quarter on the expectation of poorer than anticipated sales during the period.

Sales for three months to June will be ten per cent down on the first three months' figure, according to Pru, cited by AFXpress. Pru's last prognostication suggested the quarter's sales would be roughly static, quarter on quarter.

The shift from zero growth to negation growth will hit both chip companies' revenues. Chipzilla will see sales for the full year fall to $26.85 billion, down from Pru's previous prediction of $27.3 billion. Earnings will stay the same at around 61 cents a share. During 2002, says Pru, Intel will realise revenues of $30.25 billion and earnings of 95 cents a share.

Chimpzilla's 2001 profits will fall from an earlier prediction of $1.8 billion to $1.62 billion. For 2002, the figures is now $1.9 billion, down from $2.1 billion. ®

Build a business case: developing custom apps

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
prev story


Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.