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Technology Stocks : Intel Corporation (INTC)
INTC 35.61+3.8%10:33 AM EST
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To: Time Traveler who wrote (58608)6/24/1998 1:17:00 AM
From: Darren  Read Replies (2) of 186894
 
Darren, I am afraid Vinman is right. This stock does not have a prayer of hitting $85 if the investor relations department does not come out to come down the investors.
Intel has so far executed everything perfectly. It is an excellent company to own (for a very long term), but its investor relations department has not advertised itself very well for us investors.

The Street took the silence from the invest relations department as a bad sign and punishes this stock recently. Only in the past few days, the counter-offense against FTC received a good and healthy applause from the Street. We need a few more of these, or the stock is going to stay stagnant.

What are you kidding? The stock has moved 10 points in 10 days! What do you need Investor Relations for? Earnings were projected at the First Quarter warning to be "flat to down." If they were down, we'd know by now. Expect flat on July 15. Why? We've already seen DELL's earnings for the same quarter (good but not awesome). We've already seen CPQ's earnings for the current quarter (good but a merger mess). CPQ/DELL can't make money without INTC chips, hence Earnings 101 says INTC will be at least flat. Forget the Street, forget the moron on CNBC that says INTC should be at 40, 85 is the next barrier. Get past that and hello 102. I sure wouldn't be short right now. That would be very bad timing...

Hope you bought on the dip. I know I did!
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