INSTANT VIEW: Intel shares down after quarterly report

NEW YORK (Reuters) - Intel Corp posted a stronger-than-expected quarterly profit but said uncertainty in global economic conditions made it difficult to predict product demand, and its shares fell 4 percent.

The world's largest chip maker refrained from giving a formal revenue forecast for the second quarter, but said it was planning for revenue to be roughly flat with the first quarter.

COMMENTARY:

AVI COHEN, MANAGING PARTNER, AVIAN SECURITIES

"The numbers were good but people were expecting stronger commentary. Instead we got flattish expectations."

"The shares are down because people were disappointed with the lack of specific guidance. People knew it was going to be north of $7 billion but they wanted to know how much Intel was willing to commit to the next quarter."

NATHAN BROOKWOOD, RESEARCH FELLOW, INSIGHT 64

"I think things are no longer looking completely dark. There is light at the end of the tunnel -- that's all good news. It would be even better if people were feeling good enough about it that they could put stakes in the ground in an official manner (with) a revenue estimate."

"Their outlook is sort of like the weather in San Francisco on a summer morning -- very foggy. One of the problems we have seen with the company and the industry over the past few months is there is no visibility ... they said due to continued uncertainty they are not setting a revenue expectation."