Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.96

-2.8%

Jan 16 9:30 AM EST

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To: Ram Seetharaman who wrote (85421)	7/13/1999 4:28:00 PM
From: Craig Wadlington	Read Replies (1) of 186894

From INTC press release. This is good news The company expects revenue for the third quarter of 1999 to be up slightly from second quarter revenue of $6.7 billion. The company expects a strong second half. ** Gross margin percentage in the third quarter of 1999 is expected to be up slightly from 59 percent in the second quarter. Intel's gross margin expectation for the full year 1999 is now 60 percent, plus or minus a few points, up from prior guidance of 57 percent, plus or minus a few points. This change in guidance reflects the positive impact of the company's ongoing focus on cost improvements and manufacturing efficiencies. In the short term, Intel's gross margin percentage varies primarily with revenue levels and product mix as well as changes in unit costs.

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