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Technology Stocks : Intel Corporation (INTC)
INTC 47.10-4.4%12:47 PM EST
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To: Mohan Marette who wrote (35674)10/14/1997 8:29:00 PM
From: KM   of 186894
 
All: Briefing sez it ain't so bad:

"Concern over Intel's earnings number proved justified as the company's results were three cents below estimates... Weakness in flash memory sales and a less favorable product mix were largely responsible for the shortfall... However, total sales were up 20% year-over-year and the company announced that it expects Q4 revenues to exceed the Q3 total... Also noted that it expects flat to slightly higher margins in Q4... Though it has been tough to gauge the market's response to earnings reports this quarter, we would not be surprised to see any early weakness in INTC give way to late buying as the report was better than many investors feared."

BUT: Cramer sez to kick it out for now.
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