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

To: Joey Smith who wrote (38595)	11/1/1997 11:58:00 AM
From: Darin	Read Replies (1) \| Respond to of 186894

Joey, Intel met with Lehman Bros this week... this is what Lehman reported: NO MAJOR NEWS. We just concluded a meeting with Intel and learned that there is no change in guidance for Q4. The company is expecting shipments and sales up slightly, gross margins flat/slightly up, spending up 10-15% (10% likely). Our estimates reflect this guidance. Management indicated they are prepared for a softer then normal 4th quarter and that has been their expectation for some time. The company believes that PC makers are focused on just in time (JIT) and build to order strategies and as such are slimming down inventories. Also, Intel sees no impact from the gyrations in Asia Pacific. They are looking to introduce a sub $1,000 targeted microprocessor. On balance, management stated that there is no change, but they are relatively cautious on near-term prospects.