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Politics : Idea Of The Day

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To: Judy who wrote (15123)	11/25/1997 9:32:00 PM
From: Burjis S.	Read Replies (1) of 50167

Judy ... What do you think os this ANAL ists view of INTC?? EW YORK, Nov 25 (Reuters) - Morgan Stanley said on Tuesday that analyst Mark Edelstone cut his 1998 earnings estimate on shares of Intel Corp to $4.00 per share from $4.20 per share to reflect lower margins. Edelstone said with the exception of high-end notebook personal computers, believes overall PC demand remains strong. "However, we believe more aggressive Pentium II microprocessor price cuts will lead to lower-than-expected revenue growth and gross margins in the first half of 1998," he said in a research note. Believes PC sell-through has been strong so far in the fourth quarter and thinks Intel will achieve its guidance for slight sequential revenue growth and flat to slightly higher gross margins, Edelstone said. "Despite our reduced earnings estimate for 1998, we believe Intel's franchise will grow stronger during the Pentium II cycle, and margins should expand and the company's revenue growth rate should accelerate as Intel continues to increase its penetration into the high-end enterprise co It just a bit too contradictory to me!! Best wishes Burjis

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