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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Marc Trombella who wrote (17041)	3/4/1998 8:51:00 PM
From: stockycd	Read Replies (1) \| Respond to of 70976

Excerpt from release: "Intel said it now expects its first-quarter revenue to be about 10 percent below fourth-quarter revenue of $6.5 billion and gross profit margins in the range of 53 percent of revenue "plus or minus a few points." In January, Intel said first quarter revenues were expected to be flat with fourth quarter. "The company still believes that over the long-term, the gross margin percentage will be 50 percent plus or minus a few points," Intel said in its statement." This is still good. They blew us away in the last quarter and over beat every estimate. People can't expect that kind of growth every quarter. Take advantage of the short term selloff.