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To: Mohan Marette who wrote (51346)7/14/1998 8:46:00 PM
From: HoyaBob  Read Replies (1) | Respond to of 176387
 
The CFO appeared on CNBC around 5:15 EDT and stated that there was technically no accounting "write down" but that the new FASB-mandated accounting principles for inventory accounting required INTEL to revalue its existing inventories by about 4-5›. INTEL was reportedly 2› below the street "consensus" of .68› per share, but the real numbers, as you mention, look good for 3d quarter.