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Technology Stocks : Intel Corporation (INTC)

INTC 37.24

-2.8%

Nov 6 3:59 PM EST

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To: GVTucker who wrote (64507)	9/11/1998 7:43:00 PM
From: Tony Viola	Read Replies (1) of 186894

GV, >>>"That is exactly what the guidance was at the end of the 2Q. that is what the author meant when he said that the direction remains the same."<<< You're right. I looked back and Intel did give that guidance back at the end of 2Q. When Intel announced the bump up in GM % yesterday, however, I think most took it as an unexpected improvement and quite bullish, along with the 8 - 10% up in revenues. That's because Kurlak (essentially by himself) has been ranting over and over that Intel wouldn't improve GM, 3Q over 2Q. So, when Intel said it would happen, it was a big deal. The author could have mentioned the +2% in GM because it IS a big thing now, proving Kurlak wrong. It was an error of omission, intentionial I'm sure. FWIW, my opinion of the rest of the article is still the same. Tony

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