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To: Joseph G. who wrote (7378)	11/7/1997 5:24:00 PM
From: Cynic 2005	Read Replies (2) of 18056

Joe, I am trying to decipher what Intel said at the analyst's meeting today. Revenues are expected to be slightly up; "optimistic" about European sales is hopeful; inventory correction is "almost" over; "slower" sales in Asia reagion; and "strong" Chinese market. After all these they expect Q4 (traditionally their best) revenues to increase slightly over Q3. Not what I call a bullish case. But the question is, has the market discounted for this slowness already and what about next year? What's your read? -Mohan

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