INTEL SUPPORT GROUP - the sky is falling!!!! Message Board

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Technology Stocks : INTEL SUPPORT GROUP - the sky is falling!!!!

INTC 37.04

-6.2%

Nov 4 3:59 PM EST

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To: Burt Masnick who wrote (41)	3/20/1996 2:07:00 PM
From: Zachary Fluhr	of 248

Burt: It seems that my enthusiasm (and yours) about Intel's performance may have been misguided. In view of today's selloff now in progress in computer - related stocks (incuding Intel), I too am worried about a slowing in growth of demand for PCs. Evidently, Tom Kurlack has reduced his earnings estimates for Intel this year and next as a result of slowing PC demand. I find all of this quite disturbing since I called Intel just yesterday. One of the Investor Relations people there told me directly that Intel was sticking with the estimates made in January: a flat Q1 and a good 1996. I specifically asked about slowing PC demand and was told they still expect the industry to see growth of over 15% this year. Also, since Carl Johnson on this Bulletin Board spoke of hearing of the conversion of one of Intel's Pentium production lines to flash memory, Iasked about that as well. I was told that demand for flash memory was very strong and the conversion was a result of improving yields in Pentium manufacture. Another of carl's comments regarding possible layoffs at Intel was denied outright. Something doesn't add up here! Zack

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