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Technology Stocks : Intel Corporation (INTC)

INTC 40.56

+10.3%

12:59 PM EST

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To: Jimbo Cobb who wrote (58685)	6/24/1998 5:07:00 PM
From: Doughboy	Read Replies (2) of 186894

Kurlak was right. As much as we INTC longs hate to admit it; he is the axe, and he called this one correctly. When INTC was flying at $80 back in February, he said this was premature and that we'd see the 60s again soon. It happened. Then last week, he called the semis oversold--at least in private ML meetings--and he may again be right. Edelstone, on the other hand, kept pounding the table for INTC when it was in the 80s and continued to do so until we were back down at 68 and he was shutting his mouth. And just before INTC staged this nice rally this week, he lowered his estimates to where all the other analysts were on it and echoing the pessimism that everyone else had. Now, don't get me wrong, I hate Kurlak just as much as the next guy, but give credit where credit is due. DougHboy

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