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To: Stonehenge who wrote (53047)	4/14/1998 5:18:00 PM
From: Diamond Jim	Respond to of 186894

.81 is vs 1.10 from last year so of course they would have warned. -- I believe they warned as a comparison of 4th qtr 97 to 1st qtr 98, I could very easily be wrong though. jim

To: Stonehenge who wrote (53047)	4/14/1998 7:41:00 PM
From: Maverick	Respond to of 186894

Q1 1998 BUSINESS REVIEW -- Unit shipments of microprocessors were down in the first quarter from the fourth quarter of 1997. The average selling price of microprocessors was down slightly from the fourth quarter. -- Chipset units were up in the first quarter from the fourth quarter. -- Motherboard units shipped in the first quarter were down from the fourth quarter; however, motherboard unit shipments for the Pentium II processor were higher. -- Embedded processor and microcontroller units shipped were up slightly from the fourth quarter. -- Flash memory units shipped during the quarter were down slightly from the fourth quarter. The average selling price of Flash memory units was approximately flat with the fourth quarter. -- Unit shipments of Fast Ethernet connections, hubs, and switches were down in the first quarter from the fourth quarter. -- Gross margin percentage was 54%, down from 59% in Q4, the result of lower revenue in the first quarter and the impact of purchased components used on the SEC cartridge for the Pentium II processor. -- The effective tax rate for Q1 was 35.7%. Without the non deductible charge related to Chips and Technologies, Inc., the tax rate for the quarter would have been 33%. Q1 1998 PRODUCT AND INVESTMENT HIGHLIGHTS Processor & Platform Products -- During the quarter, the company introduced the 333-MHz Pentium II processor, the first Pentium II processor built on Intel's 0.25 micron process technology. -- During the quarter, Intel began shipping 350- and 400-MHz versions of the Pentium II processor and the accompanying 440BX AGPset, which supports the 100-MHz system bus platform. These new processors deliver the highest Intel Architecture performance for PCs as well as high-volume workstations and servers. All of these products will be introduced April 15. -- Intel began shipping the Celeron(TM) processor in the first quarter along with the accompanying 440EX AGPset for the basic PC market segment. The Celeron processor meets the core computing needs and affordability requirements common to many new PC users. The Celeron processor will be introduced on April 15. -- During the quarter, Intel began shipping 233- and 266-MHz versions of the Pentium II processor for mobile PCs which were introduced on April 2. -- During the quarter, Intel announced its new graphics accelerator chip, the Intel740(TM). Optimized for the Pentium II processor platform with Intel's AGPsets, the Intel740 is the foundation of Intel's broad-ranging effort to heighten the visual experience for PC users.