Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.57

+4.8%

3:59 PM EST

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To: William Hunt who wrote (34688)	10/10/1997 4:03:00 PM
From: Christine Traut	of 186894

Earnings, schmearnings: Bill: The relevant part of that WSJ article is about the possible drop in Average Selling Price per chip: <But, Ashok Kumar of Southcoast Capital Corp. said PC strength was mainly confined to a few companies, such as Compaq Computer Corp. and Dell Computer Corp. Mr. Kumar's official earnings estimate for Intel is 94 cents a share, but he said the company probably will have earned a few cents a share less. The analyst projects Intel's chip sales rose 16.2% to 21.5 million chips in the third quarter, from the 18.5 million chips sold in the second quarter. But, he said average selling prices for those chips dropped during that time to $215 from $255 as a result of price cuts on so-called classic Pentium chips.> $255 to $215. I'd call that noticeable. And I don't see anything in market trends to stop it. Remember that Tom Kurlak said that Intel still has 5,000,000 Pentium 'classics' in inventory with a value of roughly $40 each. And the momentum in sub $1,000 PCs is growing as we speak. So I will be watching the Average Selling Price next Tuesday.

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