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LOS ANGELES (Reuters) – Intel Corp prognosticate revenues substantially above Wall Street's targets, sending its shares higher in after hours trade.

International Business Machines results also outpaced expectations and it upraised its full-year acquire forecast.

Commentary:

Intel:

DOUG FREEDMAN, ANALYST, GLEACHER & CO

"It's actually a discourse of how did management. Why did they pass where they guided, if this is what they could do and grouping called it a tough environment. My intellection is what we are rattling seeing here -- Q1 terminal assemblage was a big assail as well. I conceive something is changing in cost of orbicular seasonality that is driving it.

"The anxiety had famous they were introducing a newborn creation -- sandy bridge. It shows Q3 and Q4 were rattling sub-seasonal they were rattling unsatisfactory numbers.

"The termination is that we clean every the inventory out of the channel. This is a taste of, we same your newborn product, we poverty your newborn product, now that you hit it acquirable move shipping it to us modify though the physique creation over in island was modify and inferior than expected.

"There is no denying the accumulation points were not good. I do conceive the accumulation points out of island are decorous inferior and inferior indicative of the market. I conceive there is more creation attractive locate in mainland China by grouping that we are not old with chase or don't earmark us to.

"We don't hit the aforementioned saliency we strength hit had."

HENDI SUSANTO, ANALYST, GABELLI & CO

"Overall it's rattling positive. Gross edge is rattling strong.

"Despite the ontogeny of tablets and ambulatory devices, grouping don't realize that at the backwards end, it ease requires microprocessors. And Intel has 80 percent of that market.

"This is rattling constructive for the diminutive players in the conductor business that hit a presence in the PC cater chain. It is also constructive for the conductor equipment business as Intel increased its guidance."

KEVIN CASSIDY, ANALYST, STIFEL NICOLAUS

"They are stunning numbers, especially that it was the PC client group that was so brawny to them. Every location of the anxiety to them was up lodge over quarter. It's quite a assail to the market. There hit been business reports that feature PC ontogeny has been downbound assemblage over year. Forward counselling looks beatific also.

"Overall, there are whatever PC products that get manufactured in Japan: belike no more danger than whatever another company.

"One another thing, a discourse we strength have: large margins were due 61 pct this quarter, their counselling shows 61 pct incoming quarter. We would hit intellection that large margins would hit moved up. On Sandy Bridge, they had to redesign that chip, that outlay them $400 meg Q1. We're not trusty what else is event there.

"The mart is going to be meet shocked at the top distinction numbers."

WIN CRAMER, ANALYST, AVIAN SECURITIES:

"It's impressive. Overall rattling beatific numbers, substantially aweigh of Street expectations.

"The PC Client Group income was such higher than anyone anticipated. Everyone due whatever slummy drawing there due to the Sandy Bridge delays in that portion portion of the business.

"The income for McAfee, Infineon wireless was inferior than $500 million. Even if you verify that out they ease performed well."

ALEX GAUNA, ANALYST, JMP SECURITIES

"A pleasant face surprise. What is most telling: they were healthy to hit such a powerful topline with cipher selling prices up crossways the board. If there was anything I would pokeweed a mess in, I would same to wager a better large edge profile, especially with the McAfee acquisition."

IBM:

KIM CAUGHEY FORREST, SENIOR ANALYST, FORT PITT CAPITAL GROUP

"Growth in North USA was rattling strong, belike stronger than I had due and it's great the company was healthy to stop large acquire margins relatively high.

"The anxiety is they didn't rattling pass a full lot higher than they had originally for the year, if you verify into statement the earnings surprise. That's a lowercase disappointing.

"I'm rattling fascinated in whatever sort of careful commentary from the company in cost of what their brief constituent signings are, that's ever an indicator for the individual constituent ontogeny of the company."

TED PARRISH, CO-PORTFOLIO MANAGER, HENSSLER EQUITY FUND

"These drawing shows IBM's resiliency. They vex on meet about every Atlantic I had hoped. They had brawny bookings still, backlogs growing. Margins are holding up crossways the board.

"It's a margins story, and an aborning markets ontogeny news too. Seems they're firing on every cylinders. Nihon was a anxiety since they hit so such danger but what strikes me is they upraised their counselling for the year, which gives me certainty that the Nihon status didn't change them as such as you would think."

RICHARD SICHEL, CHIEF INVESTMENT OFFICER AT PHILADELPHIA TRUST CO

"The earnings vex by a decorous amount. Looks same large margins were pretty such in distinction with expectations. (Japan) wasn't rattling a detriment, not a real kindness going ahead. All the drawing I wager countenance good."

FRED HICKEY, EDITOR, HIGH TECH STRATEGIST

"Everything looks to be in line, that is what is to be expected. Revenue was up more than expected. I didn't expect whatever problems. They don't hit the factor issues that others do -- same Seagate today -- that were affected by the Asian earthquake.

"It was a beatific inform but it wasn't unexpected."

(Reporting by Jennifer island and Yinka Adegoke in New York and Poornima Gupta in San Francisco)

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