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

To: TTOSBT who wrote (60199)	7/14/1998 6:20:00 PM
From: Carter Patterson	Read Replies (1) \| Respond to of 186894

A penny here, a penny there. Who cares ? This company made over a billion in a tough environment. Great pipeline - Xeon, Merced. Maybe huge capex boom after year 2000. AMD is a gnat, which is being subsidized by CPQ and IBM to annoy INTC.

To: TTOSBT who wrote (60199)	7/14/1998 6:44:00 PM
From: Barry Grossman	Read Replies (2) \| Respond to of 186894

TTOSBT, The latest CNBC Kernan remarks (with acknowledged assistance from Drew Peck) went like this: Intel's 2Q98 earnings were lowered by a "charge" against inventory to reflect a writedown of inventory of about 2% of gross margin. This writedown was done to lower current inventory values to reflect faster than expected cost decreases in their manufacturing process. Without this deduction, eps would have been .71-.72 vs .66 as reported. I think I got it right. A penny here, a penny there - pretty soon we're talking real money. CNBC spin is evidently that the numbers are a lot better than they appear. At least that's what I heard. Barry