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

To: Alex who wrote (40066)	11/11/1997 9:04:00 PM
From: Maverick	Respond to of 186894

Intel's Outlook Is Upbeat by Bill Schaff, a MM All the positive publicity from Intel's analysts meeting was not enough to offset the negative unemployment report and the weak Asian markets last Friday. However, my conclusion from the meeting was very positive. Following are the highlights and lowlights. 1. Original guidance on revenues being slightly up or flat in the fourth quarter on sequential basis remains the same. 2. Fourth quarter gross margins will be flat to slightly higher. 3. PC market has become highly fragmented, and Intel will start producing products for all price/performance segments. 4. The sub-$1,000 PC is being offset by growing demand from network/server markets. 5. Management team remains strong and focused on controlling pricing and volume of its market segment. Some of my conclusions were that I expect gross margins to be slightly better than analysts' expectations in 1998 (most of which are pretty depressed). Inventory controls at PC manufacturers shifting to build-to-order models have slowed down revenue growth during the past year. However, Compaq's manufacturing shift is almost complete, and I expect much of the negative revenue impact to dissipate by the end of 1998. Once again, AMD's operational problems will benefit Intel in the short term. Intel remains a core holding in my portfolio despite the current negative sentiment.