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Technology Stocks : Intel Corporation (INTC)
INTC 34.68+1.0%1:07 PM EST

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To: Neal davidson who wrote (85492)7/13/1999 5:52:00 PM
From: Barry Grossman  Read Replies (3) of 186894
 
My notes from the Conf call:

Andy: Rev 2Q99 were at the lower level of 1Q99 guidance
Earnings benefited from the strength of the ramps of the celeron and PIII. Regained market share as as delclined in the q,

as rev del they exper a rev deline
margin stable although unit prices delined offset by declining unit costs - productivity gains have allowed them to be compet in the low end while maintianing margins

forecast: excludes acquis

strong 2h. 3q revs up slightly - consistant with seasonal patterns of recent years - gross marg 3q up slightly from 2q. full year guidance to 60% due continuing progress in lowering costs

Paul:

Celeron
asp fell below the narrow range we had seen for the last year or so - been able to drive costs down aggrssively so as to able to maintqin our margins

High end - 8 way systs will ship in volune in Q3

On target to introduce the 820 chipset in the 3Q - this chipset allows the choice of either RDRAM or SDRAM based memory.

more coming...

Barry

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