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Technology Stocks : Intel Corporation (INTC)
INTC 37.81-4.3%Dec 12 9:30 AM EST
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To: Box-By-The-Riviera™ who wrote (35494)10/14/1997 5:21:00 PM
From: Gary105   of 186894
 
Down tomorrow to 130 d MA (upper 80's) which should serve as support as it has in the past. Next Q will not be a winner, with revenues and slightly higher GM, offset by about 150 M in increased expenses. Looking for about 0.91 next Q, expect analysts to lower estimates.
Intel has gone through periods of stagnancy for a year in the past and I believe we are in one now. Not too much downside but not too much upside. The big move will begin about a year from now in advance of Merced rollout. Looking for 80 - 105 trading range over the next year.

All imo,

Gary
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