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Technology Stocks : Intel Corporation (INTC)
INTC 34.50+2.6%Nov 21 9:30 AM EST
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To: Sonny McWilliams who wrote (45955)1/18/1998 6:30:00 PM
From: Barry Grossman  Read Replies (4) of 186894
 
Sonny,

Last week he said he bought at 69 1/8 but at the same time he called Intel "a trading stock."

Today and yesterday when explaining why he sold it, he said that the company said that their margins would be lower and revenues flat and that "the analysts" have lowered their 98 estimates to below 4/sh.

It appears that Brinker doesn't really know anything about Intel except what he either wants to hear or what "the analysts" think.

Whenever somone says, "Intel's margins are going to be down," I would expect them to also say, "but Intel has been saying that their margins will be coming down for a long time now, and they have trended down, BUT Intel has also said that they are not really concerned about margins - only total profit dollars."

After all, it is profit dollars that go into the bank - not profit margins.

$11B in the bank on 12/29/97.

There will probably at least another $7-8B in profit dollars in 1998.
Not too shabby - even if margins are down.

Did Brinker mention that? Nope.

And lets talk about his inconsistancy. He's forecasting a rise to new highs in the DJIA and the S&P by the end of June. Does he think that Intel won't participate in that rally? It appears so.

I think he's correct about the coming rally but I think that Intel will lead the rally - not fail to participate as Brinker seems to think.

JMHO.

Barry
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