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

To: Investor A who wrote (46631)	1/28/1998 1:58:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 186894

Fuchi, All, Article: Wednesday January 28, 12:38 pm Eastern Time Intel reiterates product plans SAN FRANCISCO, Jan 28 (Reuters) - Intel Corp chief financial officer Andy Bryant said that as part of the chip giant's ongoing move to its Pentium II architecture, Intel plans faster versions of its Pentium II chips this year. Bryant reiterated Intel's plans to launch a 350 and a 400 megahertz version of the Pentium II in the first half of 1998 and a 450 megahertz Pentium II in the second half of 1998. He also repeated that Intel is comfortable with current forecasts of PC industry growth of about 17 percent in 1998. ''That hasn't changed in the last week or so,'' Bryant told a NationsBanc Montgomery Securities Technology conference. Bryant also repeated what he told analysts on a conference call to discuss fourth quarter earnings two weeks ago, that over 50 percent of its output by mid-1998 will be Pentium II. Bryant said that Intel's strategy in 1998 is to have Pentium II from ''top to bottom'' in its product line. By fourth quarter 1998, ''Pentium II is essentially it,'' Bryant said, referring to the bulk of Intel's volume production. Earlier this week, Intel introduced a 333-megahertz version of the Pentium II. Bryant also reiterated that Intel plans to have a version of the Pentium II targeted to the sub-$1,000 PC market in the second half of 1998. He also reiterated his previous guidance to analysts, that Intel expects its first quarter revenues will be flat with fourth quarter revenues of $6.5 billion and that he expects total gross profit margins in the range of 55 percent of revenues, plus or minus a few points, in 1998.