Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 47.14

-6.1%

Feb 10 3:59 PM EST

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To: Dom B. who wrote (32437)	9/22/1997 7:50:00 PM
From: Imran	of 186894

Dom, "Appears like TK had it right verbatim when he downgraded MU!!!" A week before TK downgraded his estimates for MU's quarter were at 0.69; as to his "right" call, it was nothing of the sort. When Dan Niles cited firming DRAM prices this started MU's rise, TK came out with a 20% prediction in the rise of semiconductor stocks. This created a self-fulfilling prophecy as idiotic bulls ran over each other to reach that 20% figure. Sure enough two days later MU was 20% higher. By now DRAM prices had resumed their downward decline and were at 50% of the previous quarters prices. Only a blind bull could not see this. Paine-Webber downgraded MU citing the obvious, weakness in DRAM prices. Since a major brokerage house had let the cat out of the bag, TK had no choice but to downgrade his numbers for MU, ONE WEEK AFTER PREDICTING A 20% RISE!!! After that debacle a lot of people started questioning TK's credibility. So TK decided that he had to show his influence, and what better stock to do that with than the biggest of them all, INTC. I believe you know what happened after that. MU reported earnings today of 0.33. Estimates ranged from a low of 0.38 to a high of 0.59. Guess who had the high estimate. Funny thing is TK's "estimate" would have been considered optimistic by even the most bullish, yet it was considered bad by TK. At best TK is a moron. Remember this is the same idiot who recommended that you sell INTC at 55, buy MU at 95. His "estimates" have always been overly optimisitic. He would call bottoms on DRAM prices every other week. The only reason he holds so much influence is because of the combined power of Merril Lynch and CNBS. TK doesn't have anything right. Never has, never will.

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