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Technology Stocks : Intel Corporation (INTC)

INTC 50.75

+0.4%

12:11 PM EST

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To: Jay Brandes who wrote (33406)	10/1/1997 4:09:00 PM
From: William Hunt	of 186894

TO ALL Sounds like WALL STREET wanted to buy more INTEL on the cheap today . Wednesday October 1 3:31 PM EDT Intel plans no comment before reporting Q3 NEW YORK, Oct 1 (Reuter) - Intel Corp said the semiconductor maker has no plans to make any statements regarding its earnings before the regularly scheduled release of its results on October 14. ``We're not making any announcements,'' an Intel spokeswoman said when asked about speculation on Wall Street that the company might make an announcement after the market close about lower-than-expected quarterly earnings. Traders said the rumors were taking a small bite out of Intel's stock. Intel shares, which had moved as low as 90-5/8, recovered to trade at 92-3/4, up 7/16 following dissemination of Intel's response. The rumors came one day after rival Advanced Micro Devices Inc (AMD) said it is now looking at a substantially larger than expected operating loss for the third quarter, due to lower yields for its new K6 chip. REGARDS BILL LONG INTEL

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