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Technology Stocks : INTC
INTC 40.03-1.3%3:59 PM EST
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To: Michael who wrote (178)4/12/1997 6:12:00 PM
From: Frodo Baxter   of 990
 
I do not believe Jules was whining at all. After all, few whiners set up synthetic long positions when the chips are down :) Intel is an incredible stock. Last July, Intel's ability to meet earnings single-handedly save the stock market from a crisis of confidence and collapse. For last quarter, Intel telegraphed that they were going to beat expectations. Not all analysts bothered to raise estimates, so the consensus estimate was much lower than analyst expectations. The same thing is at play this quarter. Many analysts didn't really bother to raise their numbers this quarter, either, despite many dropped hints from management that the quarter is going as expected. So a whisper of $2.15 to $2.20 is not really altogether unreasonable. I much rather prefer this whisper than the whisper of $2.50 that came out on Intel's last quarter AFTER EARNINGS were released. Also, the idea that a market maker or anyone else can manipulate a large cap, actively traded stock like Intel borders on the absurd. PS Please fill out your profile.
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