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Technology Stocks : Intel Corporation (INTC)
INTC 44.06-3.2%Jan 12 3:59 PM EST

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To: Winner Victorious who wrote (2344)7/17/1996 2:32:00 AM
From: Millard J. Baker   of 186894
 
Is it too early to look ahead to 3Q?

To WV and others,
According to FirstCall consensus earnings estimates are 1.14. According
to co. guidance and forward-looking statements in 2Q earn. release,
sequential 3Q revenue will be flat except for revenue from royalties
(which I take may decrease). The 2Q 53.47% profit margins were a
surprise to management and significantly affected by royalty revenue.
This probably means we can not count on royalty rev. to maintain such
a surprisingly high margin; Profit margins are once again expected to
be at high end of 50% +or- 2.

Although only two weeks into 3Q, any comments on the attainability of
3Q consensus numbers would be welcome.

Regards,
Millard
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