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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

3:59 PM EST

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To: Just_Observing who wrote (53601)	4/16/1998 7:17:00 PM
From: Thomas G. Busillo	Read Replies (3) of 186894

Just Observing, if Tom Kurlak denied making that call I would suggest getting the SEC involved and looking into the CNBC report. Assume Kurlak is telling the whole truth (and not the type of Clinton-esque truth-telling that allows him to truthfully make a denial because he did not specifically use the words "price target") Where did the figure 60 come from? How did it get communicated to CNBC? How thoroughly did CNBC fact check its report? Etc., etc., etc. It's fair to say that IF the alleged Kurlak call did not get broadcast by CNBC, INTC would not have sold off 2 1/8 points in the last half-hour. Look at the intraday. Check the time of the CNBC report. We're talking VERY HIGH correlation. Is it unrealistic to suggest the possibility of a very aggressive plaintiff's attorney attempting to find a lead plaintiff and attempting to bring a class action lawsuit against CNBC based on the argument that IF Kurlak did not in fact make that call (or any variation) CNBC was reckless and negligent its broadcast and as a direct result of said broadcast, as clearly demonstrated by the obvious correlation between the time of the CNBC piece and the beginning of the late-day sell-off, tangible property loss resulted to thousands of INTC shareholders? And obviously, if CNBC reported something that was factually correct, they need not worry about anything. Also, where the heck are these other media outlets? Isn't this a story? You've got CNBC (the leading financial broadcast news outlet)running a piece that knocks 2 1/8 off Intel (the world's leading semiconductor company and the 2nd largest cap on the Naz) and then the following day the analyst they attribute the comments to (arguably, still the leading analyst on the stock) denies them? That's a story someone should look into. Good trading, Tom Busillo

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