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Technology Stocks : Newbridge Networks

NN 13.87

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3:59 PM EST

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To: Bradley W. Price who wrote (3506)	3/4/1998 4:50:00 PM
From: j g cordes	Read Replies (1) of 18016

Bradley, nice post on market breakdown.. this news will affect the market tomorrow. " By CBS MarketWatch Wed Mar 04 16:37:49 1998 Also on CBS MarketWatch Industry indexes News Index NewsWatch Earning Surprise StockWatch SANTA CLARA, Calif. (CBS.MW) -- Semiconductor titan Intel Corp. warned Wednesday that first-quarter earnings won't match Wall Street's projections, saying weaker-than-expected demand from personal computer makers would cut sales 10 percent vs. the fourth quarter. The world's largest independent chip company (INTC) said after the market closed that it was scaling back its own view that the current quarter would be unchanged from the fourth quarter's revenue of $6.5 billion. "The company expects revenue for the first quarter of 1998 to be down approximately 10 percent from the fourth quarter revenue of $6.5 billion," a company statement said. "Gross margin percentage in the first quarter of 1998 is now expected to be 53 percent, plus or minus a couple of points," the Santa Clara-based company added.

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