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

To: Frank DiLorenzo who wrote (53178)	4/14/1998 9:00:00 PM
From: Maverick	Read Replies (1) \| Respond to of 186894

Briefing.com's take on INTC outlook & earnings Intel posted a gain of $0.72 (including charges), which was in line with estimates... Excluding charges the company reported a gain of $0.81... Revenues fell by nearly 7% sequentially, a little less than the 10% the market expected... However, as we noted on this page yesterday the headline figure would draw attention only if it deviated from expectations by a wide margin... Street more interested in forward looking comments... Company noted that it sees full year margins at 52%, down from the 53% it expected last quarter... Also sees sales in Q2 flat to slightly lower than Q1... Third, expenses in Q2 are expected to rise by 3%-5%... Will cut 3000 jobs... As for the second half of the year, company sees an improvement in margins and sequential revenues rising... Appears this glimmer of hope is all the market was looking for as stock is up more than 2 points in after hours trading despite a fairly bleak Q2 outlook, and rather vague assumptions about prospects ahead. From Briefing.com