INTC Message Board - Msg: 1209618

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Technology Stocks : INTC

INTC 40.56

+10.2%

Nov 28 9:30 AM EST

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To: Harry Landsiedel who wrote (259)	4/17/1997 10:17:00 AM
From: Mark Brophy	of 990

There could conceivably be long-term investors out there. Maybe some people care about what's going to happen next year and beyond. Some Intel investors have held the stock for years. There's been a lot of speculation about Merced, which won't be released until 1999. 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?

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