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Strategies & Market Trends : STEAMROLLER'S DAYTRADES
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To: STEAMROLLER who wrote (816)9/10/1998 6:18:00 PM
From: STEAMROLLER  Read Replies (2) of 1561
 
Intel sees strong Q3 sales

Reuters Story - September 10, 1998 16:46

SANTA CLARA, Calif., Sept 10 (Reuters) - Chip maker Intel Corp. said Thursday it expects third-quarter revenues will be 8 percent to 10 percent above the
second quarter's $5.9 billion due to strong demand in North America and Europe.

The world's largest chip maker said in July it had expected third-quarter sales to be flat to slightly higher than second-quarter levels.

The company said, in a statement, third-quarter gross margins are expected to be a couple of points above the second quarter's 49 percent. The improvement in the
gross margins represents the effect of write-offs for improving manufacturing efficiencies and Intel's previously announced job cuts.

The company said it sees gross margins for the full year of 52 percent, plus or minus a few points with a long-term expected gross margin of slightly above or below
50 percent.

Intel said it expects expenses for the quarter to be about 7 to 8 percent higher than second-quarter expenses of $1.3 billion. Intel previously said expenses could rise
by 3 percent to 5 percent from the second quarter.

Research and development spending is expected to total about $2.8 billion for 1998 while third-quarter interest and other income should be about $170 million, up
from prior guidance of $145 million. Intel said capital spending for 1998 is expected to be about $4.5 billion to $4.7 billion, flat to slightly up from $4.5 billion in
1997.
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