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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST

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To: Paul Engel who wrote (66688)10/14/1998 11:06:00 PM
From: Maverick  Read Replies (2) of 186894
 
INTC expects Q4 rev. up slightly from Q3
NTEL CORP late Tuesday reported stronger-than-expected earnings
for the 3Q and record revenues, citing growth in nearly all of its
product lines and strong seasonal demand for PCs. But the world's
largest chip maker also cautioned Wall Street that revenue in the
4Q--typically the strongest of the year for the personal computer
industry -- will only be up slightly from the third quarter. "I
would not have expected to hear the word 'slightly,'" said Scott
Randall, a SoundView Financial Group analyst. "Typically fourth
quarter is pretty heady." (Reuters 11:29 PM ET 10/13/98) For the
full text story, see
infobeat.com
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