Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.65

+0.8%

11:51 AM EST

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To: Charles Skeen who wrote (25391)	6/30/1997 10:31:00 AM
From: Joey Smith	of 186894

re: Most analysts expect Intel's second-quarter sales to be about 8 percent higher than the first quarter. I'm now hearing chatter that quarter-to-quarter sales could actually be down, perhaps by more than 5 percent. This is all unconfirmed. I only mention it because it comes from some of the same sources who were telling me way ahead of the news (which, unfortunately, I never published) that Intel was slashing prices on its Pentiums by a greater-than-expected amount.>>>>> Intel publicly stated about a month ago that their Q2 revenue would be approx. 5-10% LESS than 1Q. I believe current stock price reflects this and possibly a flat 3Q as well. If Q2 revenue comes in above a 5% decline, this will probably be interpreted as good news. One thing to remember is Intel's PE is cheap (compared to its growth rate) and will be even cheaper after Q2. Intel is a strong buy at these levels. joey

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