Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: Sonny McWilliams who wrote (19694)	6/1/1998 7:19:00 PM
From: Sonki	Read Replies (1) of 27012

cbs.marketwatch.com rts the company's top executive may be unloading shares. Dell shares dropped 5 percent on news that founder and Chief Executive Michael Dell registered with the Securities and Exchange Commission to sell 1.2 million shares of company stock. The form indicates that Dell filed for permission to sell the stock May 26, however, there is no confirmation that Dell actually sold the shares. Vice Chairman Morton Topfer also reportedly registered to sell 200,000 shares. Dell shares tumbled 4 3/32, closing at 78 5/16. Intel shares slip after Merced delay Intel Corp. (INTC) slid 4.8 percent after postponing the release of its much-anticipated Merced processor. (See our story.) The giant chipmaker said it expects to move production volumes from 1999 to mid-2000. Sample volumes of the chip are expected to be available in 1999. The company attributed the delay to a more precise schedule and a better understanding of the product development cycle. Merced will be the first chip based on the next-generation architechture called IA-64, co-developed with Hewlett-Packard (HWP). Shares lost 3 7/16 to 68 as analysts lowered their 1999 earnings expectations on the news. Sun upgraded on Merced delay Sun Microsystems (SUNW) rose 3.4 percent after Morgan Stanley upgraded the shares to "strong buy" from "outperform." The firm said Sun could benefit from the Merced delay as it has developed its own 64-bit processor based on a different architecture. Sun added 1 3/8 to 41 7/16. Data General to take 3Q charge Data General Corp. (DGN) lost 4.1 percent after the company said it will take a $125 million restructuring charge in the third quarter. The computer system manufacturer will eliminate about 400 jobs, eliminate several products and consolidate some plants in an effort to focus on high-end storage and enterprise computing. About one third of the charge will cover personnel costs, while the company will apply the remainder to write off software-related investments and other assets. Analysts currently expect Data General to post a third-quarter loss of 20 cents a share. Shares closed down 5/8 at 14 5/8. TelCom Semi downgraded Integrated circuit maker TelCom Semiconductor Inc. (TLCM) tumbled 4.3 percent following a downgrade from NationsBanc Montgomery Securities. The firm lowered its investment rating to "hold" from "buy." Shares closed down 5/16 at 7.

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