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Technology Stocks : Intel Corporation (INTC)

INTC 34.72

-2.3%

Nov 17 3:59 PM EST

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To: John Hull who wrote (41490)	1/14/1998 12:26:00 AM
From: Dwight E. Karlsen	Read Replies (3) of 186894

Mr. Hull: In the same article which Mary quoted from, it states: biz.yahoo.com ''The results were basically what I was looking for if you net out all the extraneous items,'' said Dan Niles, a BancAmerica Robertson Stephens analyst. ''The gross margin guidance was definitely a surprise. Saying it was going to 55 percent (of revenues) next year, that was a shock.'' -------- My question: Did the IR team or did they not tell analysts at the last conference call of Oct 14, 1997 about the expectations of gross margins in % terms trending lower toward 55%? Is this in fact "new news" today, as the reporter indicates? I listened to the last qtr CC of Oct 14th, and I recall that Intel did in fact state that margins in % terms would be trending down to 55%, correct? I also recall that Dan Niles was present at the CC on Oct 14th, although I could be mistaken. DK

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