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Technology Stocks : Intel Corporation (INTC)
INTC 35.10+2.3%Nov 19 3:59 PM EST
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To: jmac who wrote (85489)7/13/1999 5:35:00 PM
From: Neal davidson  Read Replies (3) of 186894
 
Here is what Danny is saying:

But Dan Niles, technology analyst at BancBoston Robertson Stephens, told CNNfn analysts will likely have
to cut their third-quarter estimates. "It looks like they're estimating [third-quarter earnings per share] around
55 cents," Niles said.
"That's lower than the 58 cents analysts are carrying."

Intel shares slipped 1/16 to close at 65-3/8 on the Nasdaq stock market prior to the earnings
announcement. In after-hours trading, the stock traded as low was 62-5/8 before rebounding sharply to
around 66.

However, Niles said Intel's stock could come under pressure when trading Nasdaq trading resumes
Wednesday. "Ultimately, we buy these stocks for earnings," he said. "When everyone cuts their numbers
tomorrow morning, it may be difficult for the stock to stay up."

cnnfn.com
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