Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.20

+0.1%

Dec 26 9:30 AM EST

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To: StockMan who wrote (38440)	10/30/1997 6:06:00 PM
From: Richard Tuck	Read Replies (2) of 186894

Stockman, Kurlak, around the time of his downgrade, was saying that Intel was going to fall short of $0.91. He may not have changed his official estimate, but he was clear about how he felt. As for the other items he did not know about, they are either not materially important (slightly up revenues vs. flat revenues) or unforseeable (Asian crisis). Even without the Asian crisis, INTC would be trading in the low 80s. Kurlak's reason for going neutral is somewhat valid. If the sales mix does not transition quickly to the PII, then Intel is going to underperform. The PII was introduced in May and it is still a minor portion of INTC's sales 5 months later (MMX replaced non-MMX Pentiums in that period of time). Thus, it is only natural to worry about how quickly the transition will take place. Even when the transition takes place, AMD could reduce INTC's profits by fielding some semblance of 0.25um competition. I do not have a crystal ball so I can't say which way things will go. However, I have thrown my lot in with the Church of Intel and hope that INTC overcomes once again. Richard

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