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Technology Stocks : Intel Corporation (INTC)

INTC 39.36

-0.1%

Jan 5 3:59 PM EST

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To: Gerald Walls who wrote (90219)	10/13/1999 8:46:00 PM
From: Maverick	of 186894

tough time reconciling Intel's viewpoint that Y2K and Taiwan will not effect fourth-quarter demand Credit Suisse First Boston and Robertson Stephens said they were cutting their earnings estimates on INTEL CORP. Credit Suisse First Boston lowered its 1999 EPS estimate to $2.23 from $2.31. Robertson Stephens said Daniel Niles, its managing director and senior electronic devices analyst, lowered fiscal 1999 EPS estimate to $2.21 from $2.28. Niles lowered fiscal 2000 EPS estimate to $2.55 from $2.65. Niles said, "Results were clearly worse than even we expected and can be attributed to gross margins that actually declined quarter-to-quarter." Niles said, "We are having a tough time reconciling Intel's viewpoint that Y2K and Taiwan will not effect fourth-quarter demand." (Reuters 11:27 AM ET 10/13/99)

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