Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.72

-2.3%

Nov 17 3:59 PM EST

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To: Jeff Fox who wrote (58856)	6/26/1998 4:34:00 PM
From: The Vinman	Read Replies (6) of 186894

<<estimates call for 21% rise in 1999>> ANALysts are always much more optimistic looking out so those numbers will come down, and INTC has major problems with their business model. PC makers are producing cheaper machines and demanding lower chip prices, Europe is slowing, and competition from NSM and AMD is intensifying. AMD has announced that IBM will produce K6, and NSM is developing a less expensive chip that could push PC prices below $400 in 1999, bad news for INTC. Also, Sun Microsystems with the UltraSPARC III microprocessor, available in late 98 or early 99 will put pricing pressure on the delayed Merced chip. INTC made .72 vs. 1.10 a year ago in the last quarter, and even though they will make or even beat lowered estimates, the days of domination and substantial profit growth are over. INTC has become a large stogy tech company, and their is much better value in other areas of the market... Vinman

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