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To: Mohan Marette who wrote (41061)	11/25/1997 8:03:00 PM
From: Maverick	Respond to of 186894

Morgan Stanley said that analyst Mark Edelstone cut his 1998 earnings estimate on shares of INTEL CORP to $4.00 per share from $4.20 per share to reflect lower margins. Edelstone said with the exception of high-end notebook personal computers, believes overall PC demand remains strong. "However, we believe more aggressive Pentium II microprocessor price cuts will lead to lower-than-expected revenue growth and gross margins in the first half of 1998," he said in a research note. Believes PC sell-through has been strong so far in the 4Q and thinks Intel will achieve its guidance for slight sequential revenue growth and flat to slightly higher gross margins, Edelstone said. (Reuters 11:31 AM ET 11/25/97) For the full text story, see infobeat.com

To: Mohan Marette who wrote (41061)	11/25/1997 8:05:00 PM
From: Barry Grossman	Respond to of 186894

Mohan, Re: "they would have to invest heavily in technology to keep up and compete with developed countries" The industriousness of the Asian culture will assure that there will be a swift recovery for those most adept at adopting the technology that will increase their worldwide competitiveness. Barry