Feeds

Prudential cuts both ‘Zillas’ 2001 earnings

Chip and Chimp go down

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.