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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 9:30 AM EST

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To: Sonny McWilliams who wrote (78979)	4/14/1999 5:50:00 AM
From: Arik T.G.	Read Replies (1) of 186894

I agree with Niles : A quick FA leads me to believe Intel's numbers for '99 will look like this:- Revenues- $29B, up 10% from last year. Analysts estimated 30.5-31.5 before this report Operating (using the company's prediction of 57% gross as a guide)- $10.5B Up 23% from last year, but up only 6% from '97 Net - $7.3B or $2.2/share (current mean estimate $2.34) My personal feeling is that margins are going to be lower, because product mix is IMO going to favor lower end chips even more, and hurt sales and profit figures further. From the company's report: The company expects revenue for the second quarter of 1999 to be flat to slightly down from first quarter revenue of $7.1 billion, due to seasonal factors. Gross margin percentage in the second quarter of 1999 is expected to be approximately flat with 59 percent in the first quarter. Intel's gross margin expectation for 1999 is 57 percent, plus or minus a few points. In the short term, Intel's gross margin percentage varies primarily with revenue levels and product mix. ATG

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