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

To: Diamond Jim who wrote (60215)	7/14/1998 7:23:00 PM
From: Darren	Respond to of 186894

All levels ? Doesn't sound too good. I think relative to the big picture, it's no big deal because of the way the writedown was structured on the balance sheet. I think this comment deals with the fact that margins were 49% and it will not be carrying over to the next quarter because of the way the writedown was structured. It looks like they are trying to load bad news into the 2Q and improving their position for the second half of the year, just in case things continue to slow down. But, they are saying they don't expect things to slow down with the "flat to higher" revenues comment...combined with the return to higher margins probably made easier with Xeon.