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Technology Stocks : Intel Corporation (INTC)

INTC 49.71

+1.9%

12:21 PM EST

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To: Sudeep Bhoja who wrote (85589)	7/14/1999 1:52:00 AM
From: Doug M.	of 186894

Sudeep, with regard to your statement: <<3) Forecast strong second half but said Q3 will be only slightly higher. I dont understand this given that Q3 is stronger than Q2.>> It appears to me that a lot of people don't understand "Intel speak". Intel stated this at the end of Q2 last year: "The company expects revenue for the third quarter of 1998 to be flat to slightly up from second quarter revenue of $5.9 billion. Consistent with the company's earlier expectations, second half revenue is expected to be greater than the first half revenue." As in turned out, Intel increased revenues 14% from $5.9B to $6.7B and EPS increased a whopping 36% from 33 cents to 45 cents per share sequentially from Q2 1998 to Q3 1998. That was with FLAT to slightly up guidance. This time it's SLIGHTLY UP - don't underestimate the significance of this phraseology coming from a conservative company during the strongest half of the year. I hope this helps, Doug

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