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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (55794)	4/13/1999 11:45:00 AM
From: Don Lloyd	Read Replies (1) \| Respond to of 132070

MB - (...I considered the 20s, but don't think they offer enough potential...) How about the 22 1/2's? CPQQX 7/8 1 1/8 Regards, Don

To: Knighty Tin who wrote (55794)	4/13/1999 5:35:00 PM
From: Knighty Tin	Read Replies (6) \| Respond to of 132070

To All, As expected, a down quarter for Intel sequentially and another predicted for next quarter by the co. They used the seasonal lie for this quarter, but we have all gone beyond proving that a fake out. They are also talking seasonal next quarter, and this time their story contains a modicum of truth. 1Q to 2Q is usually flattish to down. However, expenses will be up 6 to 10%. Whoa, mama! And, what I found very interesting, they expect gross margins of 59% 2Q, but 57% for the year. Can you say non-growing overpriced growth stock, chillun? Not much to say except that the sloppy results of this quarter have to be taken into account side by side with the fact that they introduced a new chip, The Tweak III. It has to be one of the worse introductions in Intel's history. There is a story going about that it "was respectable," but that is a red herring. Anyone dumb enough to want a PIII bought it in March and they were still lousy sellers. Mainly because business sales are poor. Looking at the numbers, here are some nice notes: Revenues were down 6.6% from 4Q. However, not to fear. Finished goods inventory was up 16.9%. This 23.5% mismatch is a long term worry for Intel. The only way to keep cost per chip low is to sell all you make. But the inventory keeps mounting. The share buyback program was once more producing growth in shares outstanding. Where are they wasting this money if the share total goes up after they spend it? MPCs, chipsets and motherboards were down sequentially in the first quarter. I know that AMD has kicked their behinds on MPCs in the retail sector, but the lower chipset and motherboard shipments bodes ill for total pc sales. If the market is rational, the April puts go in the money tomorrow.