jmac, >>>Does anyone remember the date on which INTC announced that 3rd Q
earnings were going to be up 8-10%?<<<
Yes, September 10. From the archives of SI Intel. This one is a whole month earlier, to the day, WRT the end of the quarter, isn't it. Why did you ask?
Message 5716379
To: nihil (64285 )
From: Duker
Thursday, Sep 10 1998 4:37PM ET
Reply # of 68266
Intel Third Quarter Revenue To Be Above Expectations
SANTA CLARA, Calif., Sept. 10, 1998 - Stronger than anticipated
demand, especially in North America and Europe, is expected to
cause revenue to exceed Intel's expectations for the third quarter of
1998, Intel said today. When the company announced second
quarter earnings in July, the expectations were that revenue in the
third quarter of 1998 would be flat to slightly up from second
quarter revenue of $5.9 billion. The company now expects higher
revenue.
BUSINESS OUTLOOK
The following statements are based on current expectations. These
statements are forward-looking, and actual results may differ
materially. These statements do not reflect the potential impact of
any mergers or acquisitions that may be completed after the date of
this release.
The company expects revenue for the third quarter of 1998 to be up
approximately 8 to 10 percent from second quarter revenue of $5.9
billion. Consistent with the company's earlier expectations, second
half revenue is expected to be greater than the first half revenue.
Gross margin percentage in the third quarter of 1998 is expected to
be up a couple of points from 49 percent in the second quarter. |
