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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: Joey Smith who wrote (35910)10/15/1997 11:14:00 AM
From: Road Walker   of 186894
 
Joey,

Interested if you have the same read on the conference call as I did. Intel kept overall profit guidance very conservative for the 4th quarter, which puzzled the analysts, so they asked about specific business issues that could impact profits, and nearly all the answers were of a positive nature. I could envision these guys scratching their heads and saying "If all these things are so good, why are you saying things are so bad?".

My conclusion is one of two things: 1) Intel is stonewalling; 2) Projections from customers really are soft coupled with a relatively tough comparison from last year.

I would prefer the former conclusion. Anyway, they left me confused as well.

John
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