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Technology Stocks : Intel Corporation (INTC)

INTC 38.16

+2.5%

Nov 7 9:30 AM EST

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To: Diamond Jim who wrote (51265)	3/25/1998 8:57:00 PM
From: Fred Fahmy	of 186894

james, Re: COWEN & CO.'s estimate increase If this isn't a mistake these guys have fallen asleep at the wheel <GGG>. There is no way you can take Intel's revised guidance and come to the conclusion that you need to raise estimates from .90 to .93. In fact, .93 would have been fairly aggressive even for the original guidance. Something just doesn't add up. Downward guidance and an outright earnings warning do not add up to an increased estimate. FF

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