Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 49.72

+7.0%

2:01 PM EST

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To: Ibexx who wrote (25817)	7/8/1997 9:45:00 PM
From: Ibexx	of 186894

All, I just received the quarterly pre-earnings reviews from H&Q on high tech stocks in their universe. Below is the section on INTC contributed by R. Chaplinsky. The report was issued today. Another section on semiconductor industry in general will follow after this post. __________________ INTC: Fiscal year ending December. Report date==July 15, 2:30 PST H&Q rev. est.==$5,889 MM H&Q eps est.==$1.70 Rating:==BUY COMMENTS: * After pre-announcing a weak quarter, we (H&Q) believe Intel will report slightly above our revised EPS estimate of $1.70 on $5,889 MM in revenue. * Excess inventory of classic Pentium processors in EUrope and Asia Pacific and the rapid market transition to next-generation MMX processors are causinglower sequential unit shipments versus the March quarter, in our opinion. * We expect cautious guidance for the third quarter as visibility remains difficult and the quarter is heavily back-end weighted, but we still anticipate solid fourth quarter results as more Pentium II chips become available. * We maintain our BUY rating on INTC, but remain cautious on the stock until third quarter earnings are revised after the quarterly conference call. _______ Regards, Ibexx

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