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Intel lowers outlook as PC market slows more than expected

2013-07-18 07:58:00| Telecompaper Headlines

(Telecompaper) Intel has lowered its full-year outlook as the PC market slows more than expected. The world's largest chipmaker now expects flat revenues for 2013, after earlier forecasting a small increase, and cut its gross margin forecast to around 59 percent from 60 percent previously. In the second quarter, Intel reported revenues of USD 12.8 billion, up 2 percent on a sequential basis in line with its forecast but down 5 percent from a year earlier. PC Client revenues rose 1.4 percent from Q1, helped by a modest increase in inventory stocking and Haswell-based products, and data centre revenues were up 6.1 percent sequentially. The gross margin improved 2.1 percent compared to the first three months of the year to 56.8 percent. Operating profit fell 29 percent year-on-year to USD 2.7 billion, and net profit was also down 29 percent to USD 2.0 billion or USD 0.39 per share.

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Monthly Market Outlook: Cattle Feeders Are Showing More Discipline

2013-07-02 18:12:00| Beef

Theres been an important shift recently in cattle price differences between fed and feeder cattle. Before the U.S. cattle industry can begin to fully rebuild after several years of contraction, its necessary for equity recovery to take place in the cattle feeding sector. read more

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Hog Outlook: Hogs & Pigs Report Shows Market Hog Inventory Down

2013-07-01 02:00:00| ThePigSite - Industry News

US - USDA's June "Hogs and Pigs" report said the breeding herd was up 0.3 per cent compared to a year ago and the market hog inventory was down 0.1 per cent, write Ron Plain and Scott Brown.

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Monthly Outlook: A Stubborn Cattle Market Continues

2013-06-05 18:47:00| Beef

The cattle market has proven to be relatively stubborn of late, refusing to offer any surprises to the upside. Now were headed into the throes of summer, and the window for better beef prices has likely closed. read more

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