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Technology Stocks : Intel Corporation (INTC)

INTC 47.76

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To: Paul Engel who wrote (58101)	6/17/1998 2:24:00 PM
From: Maverick	of 186894

Edelstone:"The key issues were weak 2Q98,more aggressive price cuts in Sept, oct" NEW YORK, June 17 (Reuters) - Morgan Stanley Dean Witter analyst Mark Edelstone said Monday that he cut full year 1998 earnings per share estimate for Intel Corp. to $3 from $3.25 and cut full year 1999 EPS to $3.80 from $4.25. "The key issues were weak second quarter demand for microprocesssors and more aggressive price cuts in September and October," Edelstone said. Intel closed Monday at 69-13/16.

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