Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Road Walker who wrote (4820)	11/6/1996 9:07:00 PM
From: exhon2004	of 186894

John: Don't know if it was John Hull but boy did we ever hear from intc today! Dow Jones News Service -- November 6, 1996 Intel Sees 4Q Revs Well Above 3Q $5.14B SANTA CLARA, Calif. (Dow Jones)--Intel Corp. (INTC) said that based on continued current strength in bookings and billings, it expects fourth quarter revenues to be ''significantly higher'' than third quarter revenue of $5.14 billion. Intel Corp. (INTC) said that assuming continued strength in billings, the company expects the fourth quarter gross margin to be above the third quarter's level of 57%. Intel said it plans to report fourth quarter earnings on Jan. 14, 1997 after the close of the market. Intel Corp. (INTC) said expenses - research and development plus MG&A - are expected to be up about 17% to 20% in the fourth quarter from $1.01 billion in the third quarter. In a press release, the company said the increase is due primarily to seasonally higher advertising costs and revenue dependent expenses such as co-marketing programs. Shares responded after-hours, and trades had been made at 120, traders said, above Intel's closing price of 118 7/8. "Out of control on the upside" Best Regards, Greg Gimelli

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