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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST

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To: davesd who wrote (35669)10/14/1997 8:33:00 PM
From: Fred Fahmy   of 186894
 
Dave,

Re: "whisper number"

Come now, give me a break. Everyone knows whisper numbers are ficticious after the fact numbers generated to shake out weak hands. Completely meaningless beyond perhaps one days worth of trading.

Af for Q4, I think estimates will be revised and they will be revised to somewhere around .90-.94. I have no idea at this point whether or not they will meet estimates. How could anyone know when we are only 2 weeks into the quarter? My guess (and it's a total guess at this point) is that they can make mid 90's in Q4.

As for INTC's price over the next 3 to 6 months, I think this will be dictated by how INTC does vs. the new expectations. Surely in the short term there will be some downward pressure on the stock as analysts downgrades come in and estimates get lowered. Once the price has stablelized (at what price who knows) the future trend will depend on how they do vs. Q4 and Q1 estimates. I wouldn't bet against INTC reaching triple digits within 6 months. The market looks forward and I think Intel's prospects looking foward will look much better in 6 months.

Good luck to all,

FF
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