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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (21405)	11/10/1998 7:14:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 27012

jmac, >>>Does anyone remember the date on which INTC announced that 3rd Q earnings were going to be up 8-10%?<<< Yes, September 10. From the archives of SI Intel. This one is a whole month earlier, to the day, WRT the end of the quarter, isn't it. Why did you ask? Message 5716379 To: nihil (64285 ) From: Duker Thursday, Sep 10 1998 4:37PM ET Reply # of 68266 Intel Third Quarter Revenue To Be Above Expectations SANTA CLARA, Calif., Sept. 10, 1998 - Stronger than anticipated demand, especially in North America and Europe, is expected to cause revenue to exceed Intel's expectations for the third quarter of 1998, Intel said today. When the company announced second quarter earnings in July, the expectations were that revenue in the third quarter of 1998 would be flat to slightly up from second quarter revenue of $5.9 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 may be completed after the date of this release. The company expects revenue for the third quarter of 1998 to be up approximately 8 to 10 percent from second quarter revenue of $5.9 billion. Consistent with the company's earlier expectations, second half revenue is expected to be greater than the first half revenue. Gross margin percentage in the third quarter of 1998 is expected to be up a couple of points from 49 percent in the second quarter.