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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (27973)	2/2/1999 4:55:00 PM
From: Proud_Infidel	Respond to of 70976

NEC experiencing "capacity limitations" eet.com This is too much good news for one day<GGG>

To: FJB who wrote (27973)	2/2/1999 5:20:00 PM
From: Proud_Infidel	Respond to of 70976

Tuesday February 2, 3:19 pm Eastern Time Intel says PC demand strong, repeats Q1 view SAN FRANCISCO, Feb 2 (Reuters) - Intel Corp. (Nasdaq:INTC - news), the world's largest maker of semiconductors, said that the current demand for PCs ''remains very strong,'' but that it is not changing its previous forecast for the first quarter. When Intel reported its fourth quarter in January, it also said that first quarter revenues would drop below the $7.6 billion it reported in the fourth quarter. ''We have not changed our guidance,'' Gordon Casey, director of investor relations at Intel, told a NationsBanc Montgomery Securities technology conference. ''Certainly consumer demand for PCs remains very strong. We are on track.'' Casey was responding to a question from NationsBanc Montgomery Securities analyst Jonathan Joseph, who asked him if Intel was changing its guidance to Wall Street, after the month of January came in better than expected. During his presentation, Casey reiterated that Intel's previous forecast that first quarter revenues would be lower than the fourth quarter due to seasonal factors, and that gross profit margins would be down slightly from the fourth quarter. He also said that expenses would be lower than fourth quarter levels of $1.6 billion. Casey also said that Intel, which was to begin production of its chips using 0.18 micron technology in the second half of the year, planned to have all its manufacturing use the 0.18 micron process by the end of the year 2000. Currently, all of Intel's chip manufacturing has been using 0.25 micron process technology and 0.18 micron would enable even smaller linewidths and more features on a single processor. One micron is approximately 1/25,000 of an inch.