INTC Intel reports Q4 revs above consensus, guides Q1 revs in li

Reports Q4 (Dec) earnings of $0.26 per share, includes restructuring charge and option expense that analysts were including, gain from sale on assets that analysts will likely exclude, does not be appear to be comparable to $0.25 consensus may not be comparable to the Reuters Estimates consensus of $0.25; revenues fell 5.0% year/year to $9.69 bln vs the $9.43 bln consensus. INTC reports gross margins of sees FY07 gross margins of 49.6% vs co guidance of 50% plus or minus a couple pts. Co issues in-line guidance for Q1, sees Q1 revs of $8.7-9.3 bln vs. $8.93 bln consensus. Co sees FY07 gross margins of 50% plus or minus a couple pts, sees FY07 capital spending of $5.5 bln, plus or minus $200 mln.