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Technology Stocks : Intel Corporation (INTC)
INTC 47.14-6.1%Feb 10 3:59 PM EST

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To: wiley murray who wrote (8570)1/15/1997 11:43:00 PM
From: H.P. Yee   of 186894
 
Wiley,

I think INTC will consolidate in the range of $135 to $145 for the next few weeks.

The possible dips (I think) will be

1) Annoucement of scheduled price cuts on P and P-Pro, which reenforces the idea the INTC gross margin has peaked. Which I think will occur in Feb, can someone confirm please?

2) Product or status annoucements from AMD or CYRX

The wild card is the effect of stock split, the split itself won't occur until at least May, but when would the market start to pay attention to it?....

The other positive (or Negative) news maybe the impact of MMX on retail sales....

MHO.

-H.P.
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