View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 12, 1993

INTEL SHARES TUMBLE ON EXCELLENT RESULTS

By CBR Staff Writer

Intel Corp says it is on track to ship some 30m 80486 chips this year, and fourth quarter chip sales to the computer industry should be especially strong, company officials said – The industry should enjoy a good fourth quarter, Intel vice-president Paul Otellini told a teleconference call following release of the company’s second quarter results (see pages one and seven); with all the good news, you might have expected that the shares would jump for joy – but if you did, you don’t know markets: the old maxim sell on a (gold or oil) strike applies equally to good figures that had been anticipated, and investors now reckon that there is nothing more to go for until the build-up to next quarter’s report so as the results matched, but did not exceed, forecasts, the shares actually tumbled $2.50 to $53.50.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU