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

To: Barry Grossman who wrote (114345)	10/18/2000 12:30:05 PM
From: Barry Grossman	Respond to of 186894

Lehman Brothers Comments for TXN, IBM, INTC, ERICY, PPRO and PSFT By: Lehman Brothers 10/18/00 8:34:43 AM cnetinvestor.com Intel Corp(INTC) 1 - Buy Surprisingly Solid Results/Outlook; Europe is Q4 swing ·Intel reported Q3 continuing EBG of $0.41 versus our $0.38 with revenues up 5% q/q versus the 3-5% range. Gross margins were 64% versus prior guidance of 62%. Revenue guidance was for 4-8% q/q enabling us to raise EPS slightly for FY00. We remain optimistic on PC demand for Q4 despite macro economic conditions. · We believe processor shipments increased 2% q/q, with ASPs down 1%. Non processor revenues were up over 15% q/q driven by chipsets, motherboards, flash and communications.