Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.51

+0.4%

3:59 PM EST

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To: Dell-icious who wrote (60068)	7/14/1998 3:12:00 PM
From: Mary Cluney	of 186894

Dell-icious, >>>NASDAQ has suddenly started dropping. Leak of an INTC miss?<<< Nah, just business as ususal. Intel will not say anything new in the CC - nothing they havn't been saying all along. Sales in US weaker as predicted. Europe - up slightly China - more robust than expected But, Japanese economic uncertainties will cause Intel to refrain from issuing a more optimistic forecast for 2H 98. This will all be said in a way that Tom Kurlak can claim he was right and that the sky is going to fall for chip makers. He will get on the squawk box at ML tomorrow morning and reiterate his dire predictions. The market will drop 500 points in early trading tomorrow (Intel will be off 5 on Instinet) - but Mary Farrell, Ralph Ancompora, and Frank Capiello will all make appearances on TV tomorrow and say that the sell off is a very heatlhy situation. They will all call for a 10% - meaning a nine hundred point sell off - but they will all be wrong when the Dow bounces back up after it reaches a low of 8700. The summer rally is over - and the DOW will trade in 8800-9200 range until some dramatic news breaks. Business as usual - no real news. Only made up stuff. Regards, Mary

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