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Technology Stocks : INTC

INTC 43.55

+8.8%

3:48 PM EST

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To: Paul Engel who wrote (223)	4/14/1997 8:22:00 PM
From: Michael Olsen	of 990

Can this headline be correct? "Intel( Intel Corp ) at 129-3/4 in late after-hours trade NEW YORK, April 14 (Reuter) - Intel Corp was trading at 129-3/4 after reaching 137 in after-hours trading following the release of its first quarter earnings, which surpassed analysts' concensus forecasts, traders said Monday. The computer chip maker's stock rose to 135 before going even higher to 137 as investors reacted to its earnings after the close of normal trading hours. Intel reported a profit of $2.20 a share against $1.02 for the same period last year. This figure was also higher than the $2.07 forecast made by First Call's consensus among analysts. "It was a solid quarter, showing Intel's dominance," said Peter Andrew, an analyst at AG Edwards. "But the flat revenue projection could upset some people tomorrow." Intel said it expected second quarter revenues to be even with or slightly ahead of the first quarter's $6.4 billion. Its stock closed at 133-3/4 on Nasdaq on Monday, up 3-1/4.

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