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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

Nov 19 3:59 PM EST

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To: Mohan Marette who wrote (45311)	1/13/1998 8:12:00 PM
From: Paul Merriwether	Read Replies (2) of 186894

I think that (very unfortunately)intc won't go beyond its last year's high of 102 until we see Merced ship and AMD outta business(maybe mid '99?). Till then I hope that it hits 90's and I can make a small profit :). Please check out the WSJ article on intel(if you have subscription!). interactive.wsj.com An excerpt follows:(can't post the whole article due to copyright reasons) Intel Corp.'s fourth-quarter profit fell 8.9%, but the results were well ahead of Wall Street expectations, potentially soothing investors who worried that economic woes in Asia could do serious damage to top U.S. technology firms. The chip maker said net income for the fourth quarter totaled $1.74 billion, down 8.9% from $1.91 billion in the year-ago period. Revenue edged up 1.5% to $6.54 billion from $6.44 billion a year ago. Intel said revenue was helped by higher revenue from microprocessor sales, which was partially offset by lower revenue from chipsets. Intel also warned first-quarter 1998 profit will likely be flat with the fourth quarter. But analysts said this may actually be a good sign, as many had anticipated that slumping Asia sales could send overall revenue lower.

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