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Technology Stocks : INTEL TRADER

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To: smolejv@gmx.net who wrote (1735)1/12/1998 12:29:00 PM
From: Berney  Read Replies (1) of 11051
 
DJ, I generally don't get concerned about quaterly earnings.
In fact, I think its a joke! My analysis last summer showed
that 16% of the S&P 500 cos had annual, consistent eps growth
since 1992.

INTC is an exception. Quarterly earnings have been trending down
this year. ANALysts have 1998 earnings growth substantially below
the long-term projected growth rate and both projections have been
trending slightly down.

My personal take is that the earnings estimates are so far below the
historic and projected growth rates that the potential is greater
to the upside. This seems confirmed by what the big boys were
doing in Dec. Tommarrow will be important to restore confidence
in INTC and Tech. The big money today certainly seems to be making
their bet!

Anyone else notice that a lot of attacks on stocks sure seem to
occur while the companies are in their quiet period?

Berney
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