Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.66

+1.3%

Dec 29 3:59 PM EST

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To: robert b furman who wrote (178483)	7/1/2004 2:50:31 PM
From: Amy J	Read Replies (1) of 186894

Robert, "Intel came under pressure after a Dow Jones report said Morgan Stanley analyst Mark Edelstone said the mid-point of the chip maker's third-quarter revenue outlook could be lower than estimates. Edelstone's office declined to comment." "GM took a hit after it said its U.S. sales fell an unexpectedly sharp 15.6 percent in June" biz.yahoo.com "In the face of high fuel prices, the company's more fuel-efficient vehicles saw better sales" money.cnn.com Are gas prices negatively impacting consumer spending? In the year 2000, there was a long delay between when gas prices increased and when consumers slowed their rate of spending on PCs, etc. Will something similar happening? OTOH things still seems much stronger than they were. "U.S. manufacturing softened a touch in June but remained at solid levels" But this doesn't exactly sound very cheerful: "Market starts 3Q on decidedly sour note amid downgrades, profit warnings, weak economic news." money.cnn.com Regards, Amy J

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