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Technology Stocks : Intel Corporation (INTC)

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To: Larry Loeb who wrote (37241)	10/22/1997 3:21:00 PM
From: gnuman	Read Replies (1) of 186894

Larry Loeb, re: "If Pentium prices fall in the aftermarket, it is the distributors who are taking the loss - NOT INTEL." John Hull has cautioned by implication that I should be more specific about disti issues. So let me rephrase my response. Based on my Intel sales management experience, it is my belief that most semiconductor companies, (including Intel), have price protection policies in their disti contracts. Also, based on my experience, it is my belief that most semi companies, (including Intel), do not recognize revenue until "sales out" of disti. I guess I mistakenly assumed "most" was the equivalent of "normal". Any of you lawyers out there want to comment on my phraseology? (Is that better John? ;-) )

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