Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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3:59 PM EST

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To: margaret tasset who wrote (12875)	11/7/1997 4:38:00 PM
From: Sonki	Read Replies (2) of 27012

briefing: . At least one well known chip stock is having a good day today while much of the tech sector struggles on renewed concerns over the turmoil in the Asian markets and its impact on corporate results. While Intel's semi-annual meeting with analysts had been scheduled well in advance of last night's renewed market problems in the region, the positive comments Intel made helped calm fears that not all is wrong with the world and the sky is not falling. While Intel acknowledged that it expects to realize slower sales from the region due to the prevailing currency problems, it remain optimistic about its outlook for the 4Q. In fact, the company said that revenues for the 4Q should be slightly up from the 3Q, in keeping with the comments it made when it released its 3Q results last month. Accordingly, the company did not guide 4Q revenue estimates lower as Intel experienced a slight sales increase in the month of October from the previous month. Intel is also optimistic about its European sales helping results in the last quarter of the year and noted that sales in China remain very strong. The company also said that the inventory correction among computer makers was almost over and that it expected to see the complete transition to the Pentium II by the end of 1998. The comments made by Intel have come as great relief to shareholders, although it has done little for the rest of the market which remains depressed over the uncertain outlook for sales and earnings given the volatile situation in the Asian markets. For the 4Q, Intel is projected to earn $0.92 a share and $3.82 for the full-year, according to First Call. Chart

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