INTC Message Board - Msg: 1207110

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12:38 PM EST

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To: Jules B. Garfunkel who wrote (255)	4/16/1997 10:38:00 PM
From: Harry Landsiedel	of 990

Re: Intel conferance call. I'm with you on this. But the more I think about it, it seems to me that Intel did not do that much to encourage a more optimistic outlook. Why I don't know. To me the most gratuitous piece of information the company floated was the long term gross margin of 50%. Think about it. They said 2Q's margin would be 60% +/- "a few points". They also projected a 60% margin for 1997, if I remember correctly. Why mention a number that no one was likely to see for at least the next four or maybe even 8 quarters? Naturally some of the gloomier analysts would glom onto that and skip the rest of the conferance call. It's a puzzlement.

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