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Technology Stocks : Intel Corporation (INTC)
INTC 48.32-0.8%Jan 15 3:59 PM EST
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To: Andreas who wrote (82418)6/1/1999 11:32:00 PM
From: Thomas G. Busillo   of 186894
 
Andreas, thanks. In some ways the Niles "news" was "out" even before that, only the "interested parties" who oh so altruistically spoonfed the story to the press today either weren't feeling quite as altruistic two weeks ago or weren't as convincing spinning its importance.

He was talking about the possibility of a 3-5% ASP decline (versus the 1% that he "modeled") against 1-2% more processor shipments back on 5-17-99 in a note entitled "Computer and SEmiconductor Industry Overview".

Of course the "model" he attaches is dated 4-14-99 and has FY'99 EPS from continuing ops. at $2.25 and revs. @ $7.032 mil.

Given that he makes reference to "the 1% we modeled" in the text of a 5-17-99 document and the document contains a model labelled "current version 4-14-99", it seems reasonable to assume that the more recent ASP assumptions were not incorporated in the 4-14-99 model even though they were voiced earlier on in the text.

That's what I meant when I said the story was really how the story became the story.

It didn't get the press coverage at the time.

Why?

INTC was rolling out the 550Mhz PIII, HWP just reported, and everyone was on pins and needles for DELL.

But was it really just a crowded news cycle?

Good trading,

Tom

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