Defending a Longer View of Intel By Thomas Kurlak About this article: Intel reported a strong first quarter Tuesday, with sales 20% higher year over year. Earnings were up 86% from a year ago, including a charge for a legal settlement with Intergraph. Before that charge, earnings of 28 cents per share were a penny better than the consensus of Wall Street analysts. Although management's official "guidance" for the second quarter may disappoint some -- seasonally down 2% at the midpoint of sales in a range of $7.6 billion to $8.2 billion -- that would be up 16% from last year. In addition, given Dell's stronger sales forecast and the tightening memory market, signs are pointing to better-than-expected PC sales in the months ahead, thereby helping Intel's microprocessor sales. The spike in DRAM spot prices to $6.50 from $5 in the last two months reflects growing urgency by PC makers to get parts, which can only foreshadow... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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