Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 40.56

+10.2%

Nov 28 9:30 AM EST

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To: Mike Farrar who wrote (53100)	4/14/1998 6:19:00 PM
From: Jeffrey Chan	Read Replies (3) of 186894

I think there are several reasons to explain why INTC is moving big now: 1. Earning estimation confusion. did they meet or beat by 9 cents? People tend to think they beat a handful. 2. Very optimistic, people started to shake off 2nd Q Woo and look into 2nd half which most companies won't make bad comments now. If this sentiment grows, the index will move higher in the near future. 3. INTC announced 3000 job cut and capital spending cut, which is what investors like to hear most. I'll look the behavior of market tomorrow. If INTC leads market higher, I believe the DJ are heading 9500 and NASD are heading 1900. /Jeff

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