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

To: Scarecrow who wrote (56919)	6/3/1998 6:52:00 PM
From: Zanga56	Read Replies (2) \| Respond to of 186894

SAN FRANCISCO, June 3 (Reuters) - Intel Corp said that it does not plan to issue any statement today on its second quarter financials and that its previous guidance for its second quarter earnings to Wall Street has not changed. "At this point, I can say that we do not have anything planned for today," said Intel spokesman Howard High, when asked about the rumors on Wall Street that Intel might pre-announce a second quarter earnings shortfall. "I am not aware of any plans to change our guidance," High said. "At this point in time, we don't have anything scheduled to change that (previous guidance)." On April 14, when Intel reported first quarter earnings, it said that it expected its second quarter revenues to be flat to slightly down with its first quarter revenues of $6.0 billion. The company also said that it expected sequential revenue growth to begin in the second half of 1998. The Santa Clara, Calif.-based chip giant also said that its gross margin percentage in the second quarter is expected to be down a few points from 54 percent of revenues in the first quarter. Intel said that its gross margins will reach their lowest level for the year in the second quarter. According to First Call, the consensus second quarter earnings estimate among analysts surveyed is $0.70 a share.

To: Scarecrow who wrote (56919)	6/3/1998 7:14:00 PM
From: Mo Chips	Read Replies (1) \| Respond to of 186894

<<When changes in price do not affect demand, it has LOWER elasticity, not HIGHER.>> You are right, I mistyped. I clearly understand the concept, this was a case of thinking one thing and typing another. I do maintain that your ideas (or lack thereof) are flimsy and unobjective. As an example, you compare the penetration of VCRs to computers in households, I ask what is the penetration of computers into business. Business is where the elasticity of demand (or correctly stated, inelastic demand) for computers really matters. So Microsoft's dominance doesn't affect a household that may buy a computer on average every couple of years or so, but business that are buying computers everyday. And this in turn, affects their profitability. Mo