Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: Paul Engel who wrote (57483)	6/8/1998 10:11:00 PM
From: Maverick	Read Replies (1) of 186894

Salomon Smith Barney said it lowered its 2Q earnings estimate on INTEL CORP to $0.65 per share from $0.72, and its revenue estimate for the quarter to $5.6 billion from $5.9 billion, excluding unusual items. The rating was maintained as a buy. No changes were made to the estimates for the third and fourth quarters of 1998, or for 1999. The change was made based on the assumption of an aggressive reduction in personal computer channel inventories in the 2Q, the analyst said in a research note. A rebalancing of PC channel inventories could pave the way for a significant improvement in second-half 1998 results. (Reuters 03:32 PM ET 06/08/98)

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