Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.03

+1.6%

1:39 PM EST

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To: Joey Smith who wrote (25317)	6/30/1997 7:48:00 AM
From: Charles Skeen	of 186894

I picked the following up from another board. It is an excerpt from Herb Greenberg's column in last Thursday's San Francisco Chronicle. It may account, at least in part, for the INTC declines on Thursday and Friday. <<<<SHORT POSITIONS -- Scuttlebutt: Most analysts expect Intel's second-quarter sales to be about 8 percent higher than the first quarter. I'm now hearing chatter that quarter-to-quarter sales could actually be down, perhaps by more than 5 percent. This is all unconfirmed. I only mention it because it comes from some of the same sources who were telling me way ahead of the news (which, unfortunately, I never published) that Intel was slashing prices on its Pentiums by a greater-than-expected amount.>>>>> Meanwhile, the chart still looks bearish -- I think it will break 140 on the downside soon. I sure would not like to be in INTC on margin here, or holding options, LEAP's, or warrants! Comments, anyone? Charlie.

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