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Technology Stocks : Intel Corporation (INTC)
INTC 35.81+0.2%Nov 25 3:59 PM EST

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To: Ibexx who wrote (30884)9/2/1997 9:19:00 PM
From: Barry Grossman   of 186894
 
Ibexx,

Did H&Q read my post? ;-)

Subject: Intel

To: Gregory S. Elliott (30680 )
From: Barry Grossman
Aug 29 1997 1:41PM EST
Reply #30700 of 30902

Gregory,
Why does Intel have to warn by today

I don't believe that there is a legal requirement that a statement regarding
future prospects has to be made in any specific time frame.

It's just that in May, when Intel gave their 2Q warning,

exchange2000.com

it occurred just before the open on the last trading day of May. Today is
also the last trading day of this month, which is one month before the
end of the quarter. If Intel anticipated a negative change from the 3Q
projection, which was made when they released their results for the 2Q
on 7/15, they would know already, and being the extremely
conservative financial reporters that they have been, they would have
released the information as a warning.

No warning means no bad news.

No warning is very good news.

I don't see a warning today, does anybody?

My prediction - eps 1.00 3Q97 - better than expected.

Barry

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