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

To: Jeff Mills who wrote (68222)	11/10/1998 4:33:00 PM
From: Scott Thompson	Respond to of 186894

After hours trading in the 99 3/4 area. Let's see if this holds up tomorrow morning!

To: Jeff Mills who wrote (68222)	11/10/1998 4:33:00 PM
From: Duker	Respond to of 186894

Intel Fourth Quarter Revenue To Be Above Expectations SANTA CLARA, Calif., Nov. 10, 1998 - Stronger than anticipated demand for PC products across all market segments and in all geographies is expected to cause revenue to exceed Intel's expectations for the fourth quarter of 1998, Intel Corporation said today. When the company announced third quarter earnings in October, the expectations were that revenue in the fourth quarter of 1998 would be up slightly from the third quarter revenue of $6.7 billion. The company now expects higher revenue. BUSINESS OUTLOOK The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially. These statements do not reflect the potential impact of any mergers or acquisitions that were not closed by the end of the third quarter of 1998. The company expects revenue for the fourth quarter of 1998 to be up approximately 8 to 10 percent from third quarter revenue of $6.7 billion. Gross margin percentage in the fourth quarter of 1998 is expected to be up a couple of points from 53 percent in the third quarter. In the short-term, Intel's gross margin percentage varies primarily with revenue levels and product mix. Expenses (R&D plus MG&A) in the fourth quarter of 1998 are expected to be approximately 8 to 10 percent higher than third quarter expenses of $1.4 billion, up from earlier guidance of 3 to 5 percent higher than third quarter expenses. Expenses are dependent in part on the level of revenue. Intel is still making progress on reducing headcount and the company expects to be within a few hundred people of its previously announced headcount reduction target of approximately 3,000 employees by the end of the year. R&D spending for the fourth quarter of 1998 is expected to be approximately $650 million. The company expects interest and other income for the fourth quarter of 1998 to be approximately $200 million, up from prior guidance of $160 million, assuming no significant changes in expected interest rates or cash balances, and no unanticipated items. The tax rate for the fourth quarter of 1998 is expected to be 33.0 percent. Capital spending for 1998 is expected to be approximately $4.2 billion. This estimate includes the acquisition of the capital assets of Digital Equipment Corporation's semiconductor manufacturing operations. Depreciation in the fourth quarter of 1998 is expected to be approximately $780 million. The above statements contained in this outlook are forward-looking statements that involve a number of risks and uncertainties. In addition to factors discussed above, among other factors that could cause actual results to differ materially are the following: business and economic conditions such as the current global financial difficulties, and growth in the computing industry in various geographic regions; changes in customer order patterns, including changes in customer and channel inventory levels; changes in the mixes of microprocessor types and speeds, purchased components and other products; competitive factors, such as rival chip architectures and manufacturing technologies, competing software-compatible microprocessors and acceptance of new products in specific market segments; pricing pressures; excess or obsolete inventory and variations in inventory valuation; continued success in technological advances, including development and implementation of new processes and strategic products for specific market segments; execution of the manufacturing ramp; effects of excess or shortage of manufacturing capacity; unanticipated costs or other adverse effects associated with processors and other products containing errata (deviations from published specifications); impact on the company's business due to internal systems or systems of suppliers and other third parties adversely affected by year 2000 problems; litigation involving antitrust, intellectual property, consumer and other issues; and other risk factors listed from time to time in the company's SEC reports, including but not limited to the report on Form 10-Q for the quarter ended Sept. 26, 1998 (Part I, Item 2, Outlook section). Copies of this release and Intel's 1997 annual report can be obtained via the Internet at www.intc.com or by calling Intel's transfer agent, Harris Trust and Savings Bank, at 1-800-298-0146. Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom. Corporate Press Kit Intel Corporate Press Releases Corporate Photo Archive Contact the Intel Press Relations Manager * Legal Information © 1998 Intel Corporation

To: Jeff Mills who wrote (68222)	11/10/1998 4:34:00 PM
From: Larry R.Ross	Read Replies (2) \| Respond to of 186894

Wounder if shorts will start to cover?

To: Jeff Mills who wrote (68222)	11/10/1998 4:38:00 PM
From: L. Adam Latham	Read Replies (2) \| Respond to of 186894

All: Re: New supercomputer leader? SGI is claiming to be the new leader in supercomputer performance. If you read closely, however, you'll notice some Clintonesque spin. SGI is reporting 1.6 teraOps (trillion operations per second), but these are not the same as Intel's 1.0+ teraFlops (trillion floating point operations per second). They are also using a different benchmark (Linpack) than the supercomputer industry standard (MPLinpack). Stay tuned, supercomputer fans! Adam sgi.com Energy Department, Silicon Graphics Unveil Record-breaking Supercomputer Blue Mountain is World's Fastest Computer and Advanced Graphics System The U.S. Department of Energy (DOE) and Silicon Graphics, Inc. (SGI) today unveiled the world's fastest computer, with the world's most powerful advanced graphics system. The machine, code named Blue Mountain, is located at the Department of Energy's Los Alamos National Laboratory. Blue Mountain is the latest advancement in the Energy Department's stockpile stewardship program which uses science-based methods to assess and certify the safety, security and reliability of nuclear weapons without underground nuclear testing. Blue Mountain ran Linpack, one of the computer industry's standard speed tests for big computers, at a fast 1.6 trillion operations per second (teraOps), giving it a claim to the coveted top spot on the TOP500 list, the supercomputer equivalent of the Indianapolis 500. "Blue Mountain, and its record-breaking run, are great achievements and I congratulate our Los Alamos and Silicon Graphics team. This is significant progress in our effort to move stewardship of our nation's nuclear weapons from its 50-year foundation in nuclear testing to one based in science and simulation," said Secretary of Energy Bill Richardson. "These high-speed computing tools are necessary to ensure the safety, security and reliability of the stockpile without underground nuclear testing and help support the U.S. commitment to the Comprehensive Test Ban Treaty. Additionally, high-speed computing and simulation will lead to advances in medicine, manufacturing, automobile safety, and a greater understanding of weather patterns and global climate change." "We are extremely proud to work with the Department of Energy and Los Alamos to develop the world's fastest supercomputer and advanced visualization system," said Silicon Graphics' Chief Executive Officer Richard Belluzzo. "By working with government on the world's most complex problems, Silicon Graphics is translating that experience into other applications that benefit all of humanity." "SGI's Blue Mountain is the world's fastest computer and can generate fantastically large amounts of information," said Steve Younger, Associate Lab Director for Nuclear Weapons at the Department of Energy's Los Alamos National Laboratory. "But once you have trillions of bits of information, you also need the world's most powerful visualization engines to extract knowledge from that data and see it in three dimensions." Silicon Graphics has coupled into Blue Mountain the most advanced graphics system in the world, with technology similar to that of the SGI computers used to create the animated scenes in Antz and other motion pictures. With this visualization system, answers to complex scientific problems that would have taken weeks or more to display can now be displayed in minutes. The Blue Mountain computer will give weapons scientists improved scientific tools to analyze the safety and reliability of the nuclear stockpile. During 1999, Blue Mountain is expected to execute 80 million trillion operations over the course of thousands of simulations relating to the nuclear stockpile. This is roughly 10 times more computing than all the calculations executed in support of the U.S. stockpile from the development of the first atomic weapon under the Manhattan Project through 1992, the last year of underground testing. The Department of Energy is developing five generations of high-performance computers as a part of its stockpile stewardship program with a goal of reaching 100 teraOps by 2004. Blue Mountain is the second of two DOE computers built with a peak speed of at least 3 teraOps. The first, Pacific Blue -- developed by IBM and located at DOE's Lawrence Livermore National Laboratory -- has not yet been tested on Linpack. The Silicon Graphics Blue Mountain and the IBM-designed Pacific Blue systems use different computer architecture/system designs to reach these high speeds. Both computers were completed ahead of schedule and on budget. At the heart of Blue Mountain are 48 commercially available Silicon Graphics® Cray® Origin2000TM servers containing a total of 6,144 processors. Blue Mountain is organized into 48, 128-processor shared memory multi-processors, or SMPs. The system is designed so the cluster of 48 SMPs - all commercially available servers - behave like a single computer. These 48 SMPs can communicate with each other at world-record sustained speeds in excess of 650 gigabits a second. Blue Mountain's 128-processor, 16-pipe Onyx2TM InfiniteReality® visualization capability is especially valuable because it is an integral part of Blue Mountain, not a separate unit. This visualization capability is twice that of the former record-holding visualization supercomputer, another system developed by Silicon Graphics.