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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (90150)	10/13/1999 12:19:00 PM
From: Robert Douglas	Read Replies (3) \| Respond to of 186894

For those of us who have held Intel throughout the nineties, this is just another in a long list of comical reactions to minor pieces of news. As I see it, Intel's recent results are nothing short of extraordinary. To have held gross margins as high as they have done during a period that has seen a dramatic decrease in ASPs is remarkable. The "disappointment" in yesterday's results stems from the fact that Intel's gross margins were shy of what analysts were using to project earnings between 57 and 60 cents. But they still came in at 58.7% which is higher than all but 2 years during this decade. (Does this sound like a company that is falling behind?) With the imminent rollout of .18 technology, the castration of AMD in the low end and the predicted growth in Xeon shipments at the high end, it is likely that ASPs will stabilize and gross margins will improve. This coupled with a faster growing top-line will produce a nice pop in earnings the next 18 months, IMO.