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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST

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To: 16yearcycle who wrote (35932)10/15/1997 5:59:00 PM
From: Lazlo Pierce   of 186894
 
Eugene <<INTC has already earned 2.88 this year .INTC says they will exceed this quarters .88 next quarter. .88 (or more) + 2.88= 3.76(or more) Kurlak has therefore lowered this year to 3.70>>
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What I heard Intel say was for Q4 97: revs slightly up, GM slightly up, and expenses up about 10%, therefore they will earn less than the .88, Cowen estimates are now .86 for Q4. Also this will be compared to the 1.07 earned FY 96 Q4, and as 98s estimates are going to be flat to 97 earnings, I cannot see Intel having much upside for the next 3 - 6 months minimum. Also there will be uncertainty to as whether or not they will even hit the # on Q4. Until they hit the initial estimates once or twice, IIs and others will be somewhat leery. I see a trading range of 80 - 90 for the next 3 months, then we'll see (IMHO)
I sold 6 of my 8 J99 120 Leaps today, still hold 2. Also have 4 Jan 2000 120 LEAPS, and hope I'm wrong.

Dave
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