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

To: Jurgen who wrote (45290)	1/13/1998 6:57:00 PM
From: Bill Wexler	Respond to of 186894

It was recommended to me by a friend of my father's who was a former VP at Fairchild.

To: Jurgen who wrote (45290)	1/13/1998 7:20:00 PM
From: Tony Viola	Read Replies (5) \| Respond to of 186894

5speed, thread, some of my notes from the conference call: Opening remarks by Casey, Ottelini, Bryant: - The $6.5 B revs in 4Q was at the high end of Intel's guidance. - Another new record for microprocessors in 4Q. - Gross margin 59%, up one % from 3Q. - The main reason for lowering gross margins upcoming quarters is because of purchase costs for slot 1 components, mostly SRAM. Expect GM down about 2% in 1Q and another 2% in 2Q. Result about 55% mid year. Then, for the rest of the year, not much more change. - 1Q revs about flat with 4Q. - by end of 2Q, 50% phased over to PII, on schedule. - 1Q spending down 2 - 5%. - Conversion to MMX 90% complete in < 1 year...fastest ever. - PII conversion happening even faster. - sub 1K market share for Intel committed to. Intel doing far better than expected, maybe even getting more share than in other areas. (Hard for me to believe, take with grain of salt). - 0.25 micron. Started mid '97. Now have three plants full production, including two of their biggest. AHEAD OF SCHEDULE - Inventory problems in 4Q are over (inventory held by customers, and Intel). - DEC plant purchase of $700M is included in the $5.3B capital spending for '98. For you equipment freaks, said 1/3 of the $5.3B was in buildings, 1/3 in semi equip., 1/3 in assembly, test and other operations. - 100 MHz chipset close, full production in 1H. - Expect 400 MHz PII in 1H, 450 in 2H98. - Intel said they had no problem with Hambrecht and Quist's 1998 PC growth projection of 17% That's enough! If I missed interpretation of any of these points, it's only my ear to head to pen process, may not certainly be flawless. Tony