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Politics : Formerly About Applied Materials

AMAT 228.68

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Nov 11 3:59 PM EST

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To: Gottfried who wrote (26894)	12/3/1998 11:05:00 PM
From: FJB	Read Replies (1) of 70976

RICHMOND, Va. (Dow Jones)--Intel Corp. (INTC) expects fourth-quarter revenues to grow by 8% to 10% compared with third-quarter revenues. In a speech before the Richmond Society of Financial Analysts Thursday night, Alex Lenke, Intel's Investor Relations manager, said the previous estimate for fourth-quarter revenue growth had been 3% to 5%. For the third quarter ended Sept. 30, Intel reported revenues of $6.73 billion. During what was mostly an upbeat presentation, Lenke also said that he sees fourth-quarter gross margins "up a couple points" from 52.6% in third quarter. Fourth-quarter expenses are expected to be 8% to 10% higher than third-quarter expenses of about $1.4 billion. During Q&A following his presentation, Lenke said some analysts are starting to think that first and second quarter 1999 will be stronger than expected because many people may opt to buy new PCs rather than worry about potential Y2K problems. "No one's sure because the first and second quarters are generally weak quarters," he said. "We'll see." interactive.wsj.com

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