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** The company expects revenue for the second
quarter of 1999 to be flat
to slightly down from
first quarter revenue of $7.1 billion, due to
** Gross margin percentage in
the second quarter of 1999 is expected to
approximately flat with 59 percent in the first quarter.
margin expectation for 1999 is 57
percent, plus or minus a few points. In
term, Intel's gross margin percentage varies primarily
revenue levels and product mix.
Expenses (R&D plus MG&A) in the second quarter of 1999
expected to be approximately 6 to 10 percent
higher than first quarter
expenses of $1.6 billion,
due to higher spending associated with
merchandising and increased R&D. Expenses are dependent in part
level of revenue.
spending is expected to be approximately $3.0 billion for
** The company
expects interest and other income for the second
of 1999 to be approximately $300 million,
depending on interest rates,
cash balances, the
company's ability to realize expected gains, and
assuming no unanticipated items.
** The tax rate
for 1999 is expected to be 33.0 percent. Tax rate
for 1999 has been lowered from previous guidance
of 33.5 percent.
** Capital spending for
1999 is expected to be approximately $3.0 billion.
** Depreciation and amortization is expected to
be approximately $3.3
billion for 1999.
Depreciation and amortization for the second quarter of
1999 is expected to be approximately $800 million.