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Technology Stocks : Intel Corporation (INTC)
INTC 48.60+3.5%Jan 20 3:59 PM EST
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To: Jules B. Garfunkel who wrote (2150)7/12/1996 1:50:00 PM
From: Alex Lefaive   of 186894
 
Just read on Briefing story stocks that Intel announced today that it "plans to eliminate the price cuts scheduled for November for its Pentium chips and hopes are that this will help company's bottom line, according to story in WSJ. Profit margins should benefit from steps not to reduce prices as company has a dominating share of the market.
Revenues are expected to go up significantly during the December quarter, although company plans to resume with price cutting practice Februrary of next year and cut prices three times a year thereafter from the current four times a year."
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