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

To: Paul Engel who wrote (37118)	10/21/1997 4:02:00 AM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Intel Investors - Re: DEC's Quarterly Earnings I may have missed this if it was posted last week during the "Intel Panic" - but DEC still seems to be living off of Intel products. Check it out! Paul {===================================} biz.yahoo.com Thursday October 16 7:07 AM EDT Company Press Release Digital Equipment Corporation Reports Net Income of $25 Million For First Quarter Strong Growth in Alpha Servers, Intel Servers and Strategic Services MAYNARD, Mass., Oct. 16 /PRNewswire/ -- Digital Equipment Corporation (NYSE:DEC) today reported net income of $25 million, or $0.11 per common share, for its first quarter which ended September 27, 1997, compared with a net loss of $66 million, or $0.48 per common share, for the same period last year. Total operating revenue for the quarter was $2.960 billion, up 2 percent compared with the $2.912 billion reported in the same quarter last year. Product revenue for the quarter was $1.582 billion, up 4 percent from the $1.522 billion in the prior year. Service revenue was $1.378 billion, compared with the $1.389 billion reported in last year's first quarter. ''Given the seasonal factors that traditionally affect our first quarter, I am very encouraged by our performance,'' said Digital Chairman Robert B. Palmer. ''We put more muscle and stronger focus behind our sales and marketing efforts with positive results. ''We are showing continuous improvement as we successfully position Digital as the company that customers turn to when they require enterprise solutions to compete and win in a networked world,'' Palmer said. During the quarter the company experienced very solid growth in its server offerings. Windows NT server growth was driven by Intel-based servers which grew in excess of 140 percent over the comparable quarter last year. UNIX AlphaServer revenue was nearly 30 percent higher year-over-year.