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Technology Stocks : INTC
INTC 38.16+2.5%Nov 7 9:30 AM EST
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To: Fred Fahmy who wrote (709)10/17/1997 1:13:00 AM
From: Harry Landsiedel   of 990
 
Fred Fahmy. Re: "Here's a bold prediciton. Before the quarter is over Intel will pre-announce that the quarter is going better than first estimated."

I agree with you. I think they are taking a page from Microsoft's book on conservatism.

Regarding earnings estimates, Intel's unwillingness to talk about 1998 is probably the main reason for the downgrades. Uncertainty is a wonderful culture for pessimism to breed in.

HL
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