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Politics : Formerly About Applied Materials

AMAT 226.05

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Nov 14 9:30 AM EST

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To: Gottfried who wrote (26900)	12/4/1998 8:49:00 AM
From: Xpiderman	Read Replies (1) of 70976

Intel Corp. (INTC) Chip maker sees Q4 revenue up 8% to 10%, much stronger than previous estimate of 3% to 5%. Alex Lenke, Intel's Investors Relations manager made these comments at last night's Richmond Society of Financial Analysts; in upbeat presentation, Mr. Lenke also said that Q4 gross margins to increase a couple of points from 52.6% in Q3; expenses for Q4 are expected to rise 8% to 10% above Q3 level of $1.4 bln; Mr. Lenke said that demand was stronger due to customers buying new PCs as a means of avoiding the Y2K problem.

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