Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 36.78

+2.7%

Nov 26 3:59 PM EST

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To: Frank Ellis Morris who wrote (18875)	4/3/1998 7:11:00 AM
From: margaret tasset	Read Replies (2) of 27012

Good morning Frank, I hope Intel gives us some positive action today. Here is an article that gives some light about what we could see today in the market. London U.S. stocks see profit-taking ahead of data LONDON, April 3 (Reuters) - U.S. shares were steady amid light profit-taking on Friday after Wall Street's hefty gains on Thursday. The U.S. market opening will depend on U.S. labour market data for March, scheduled for release at 1330 GMT, dealers said. ''That could swing the market either way although it (the Dow) looks like it wants to go ahead through 9,000,'' said one. The data is the first batch of key March economic data and will be closely scrutinised. Average earnings are expected to show a 0.2 percent rise and payroll employment is seen showing a rise of 220,000 with March unemployment at 4.6 percent. ''The feeling in the market this morning is that the payroll number is going to come in lower than forecasts and that's keeping the market afloat,'' said the dealer. Globex-traded S&P futures in London were trading one point up at 1,132.0. Fair value is seen at 1,128.5. Comments from Fed chairman Alan Greenspan that current stock prices reflected a ''relatively small amount of (risk) premium'' boosted U.S. shares on Thursday and continued to support the market overall despite the smattering of selective profit-taking. Corporate features included positive comment on Intel's (INTC - news) plans to spend about $5 billion on capital expenditure in calendar 1998. The stock traded around New York's closing levels of $76-3/8. ''NASDAQ (heavily loaded with hi-tech stocks) lagged the Dow yesterday because the tech stocks had a couple of great days earlier in the week. So there's not much movement on those stocks here today,'' said another dealer. GTE (GTE - news) was steady at $60 after a $7/16 drop overnight following news from the company of a first quarter charge that would lower 1998 earnings. I hope that all goes well today with you and your project. Have a great day. *******************GO INTEL*************** Warm regards, Margaret :) :) :)

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