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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (16035)	1/13/1998 6:12:00 PM
From: Ann Janssen	Read Replies (1) \| Respond to of 27012

David, All This is what I got before the darn thing hung up on me. I'll try to get more later. My hand is cramped from writing. <gg> Basically came down to record revenues, record cpu units shipped, fastest convertion and adoption in company history for the MMX technology. Favorable tax situation. Talked about the warrents that expire march 13, 98 - stop trading 3 days prior. The usual disclaimer - forward looking statements etc.. The had told us at 3rd q they were looking for a 'slight' improvement. They were on the high end of their guidance. up 5.7% from 3q, but below 1st q of 96. 98 is dilluted comparable to past. They figured dilluted using 78 million shares, 58 used in dillution, 1.78 bil 1st q, 1.8 2nd assume $75 per share price not including new options or buyback 35.5 % tax expected but, 34.8 for year, expect 34% for 98. .04 of 4th q earnings is tax savings. due to 13 years of audits and state and world tax issues. europe was the main strength area. shipment and productions made new records (p2 and P/MMX) Mentioned many time margins were/will be affected because P2 uses purchased components - srams, 1 edge contact cartridge. Additional revenues more than offset ramp up costs associated with P2 and new high end pentiums. spending up 13% at 1.4 billion seasonal advertising and promotions. 211 million in interest and other income. selling equities and favorable exchange rates they bought back 12.7 million shares for 1 billion inventory was up $199 (yes he said that, no million or billion, I assume million) Net cash up 900 mill. capital spending at 1.6 bill revenue flat at 6.5 bill 98 expect margins 55% +- point or 2 1st q gross margin down a few points - due to P2 expect 1&2 q to increase purchased components for P2 Expect the converion to of product line to be complete in Q3. Very pleased # units growth of P2. MMX business and consumer markets were doing well. That's all for now guys/gals. Have a great evening, I know you all will Take Care Ann