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

To: Little Gorilla who wrote (82371)	6/1/1999 4:39:00 PM
From: Little Gorilla	Respond to of 186894

Tuesday June 1, 4:05 pm Eastern Time Intelseen reporting bit lighter Q2-analyst SAN FRANCISCO, June 1 (Reuters) - Intel Corp.'s second quarter earnings are likely to come in a bit lighter than expected, due to a higher mix of its lower-priced Celeron chips in the company's overall revenues, an analyst said. BancBoston Robertson Stephens analyst Dan Niles told his sales force earlier Tuesday that earnings estimates for Intel on Wall Street are ''a little too high.'' ''The earnings numbers could be up to two cents lighter than what I have, mostly driven by pricing,'' Niles said. ''The mix is the problem,'' said Niles, adding that Intel is selling more of its lower-cost Celeron processors than analysts had been expecting and that its price cuts are more aggressive. Niles currently has second quarter estimates of 53 cents a share, and the First Call consensus is 54 cents a share. He said Intel could now report between 51 to 52 cents a share, but he has not yet changed his estimates. ''With price cuts (on Celeron) coming at the end of the week, I want to get more information before I go ahead,'' Niles said. Niles also currently has a second quarter revenue estimate of $7.032 billion. Intel shares were off $3.625 to $50.75 in active trading.