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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 9:30 AM EST

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To: Tony Viola who wrote (102562)4/18/2000 7:05:00 PM
From: Road Walker  Read Replies (3) of 186894
 
Tony, re: "I'd say the CC was so so"

I thought the analysts questions were openly hostile, especially as it related to revenue growth, ASP's and future gross margin declines. The Intel folks sounded defensive, and sometimes just plain stupid. When they said that it took them 4 quarters to realize that the Internet would stimulate growth, you have to ask, what planet were they living on? This is the company that was famous for their execution.

I don't think we need to worry about how many analysts are in the boat. I expect we will start seeing downward earnings revisions, soon.

My initial reaction is that these guys are not focused on the core business.

John
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