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Technology Stocks : Intel Corporation (INTC)
INTC 35.53-1.1%Nov 14 9:30 AM EST

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To: Jim McMannis who wrote (97608)1/26/2000 5:39:00 PM
From: John F. Dowd  Read Replies (4) of 186894
 
Jim: This leak was outrageous. The SEC should look into this big time. DELL will be hounded by the class action boys and they may get hammered. This was terrible. It was bad for a lot of reasons. It really destroys confidence in the markets. MM's must have been pulling their bids big time because they took MSFT down 3 and 1/2 on 2/3's avg. volume. and INTC down 5 on avg. volume. The reason this happened i that they did not get the whole story.

Despite the lower-than-expected outlook, Dell Computer said it still expects
revenue from worldwide consumer and small-business segments to increase by more
than 50% in the latest fourth quarter, compared with a year ago."


Which is all that INTC and MSFT care about since DELL's earnings do not effect how many chips and O/S go out DELL's door. So this should be good news for MSFT and INTC. Sure they missed a half billion more in additional sales but the 50% yr to yr increase should assuage the concerns of DELL's 2 big suppliers. The sales missed in DELL's 4th qrtr. will slide into the next and since we are already in the next qrtr. for INTC and MSFT it should actually be bullish for INTC and MSFT This is a scary market. I think when they analyze the numbers we will see a nice rebound in INTC and MSFT tomorrow.
JFD
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