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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST

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To: MONACO who wrote (60228)7/14/1998 8:44:00 PM
From: Soumen Barua  Read Replies (1) of 186894
 
Nothing new came out. He did mention about the accounting irregularities but that was already figured out by the analysts. He talked about margin improvement next quarter and said that 2nd quarter was better than 1st quarter as far as overall business was concerned (go figure). He was very happy with the earnings numbers. I should have kept in mind that Intel earns income by writing options on its stock.
I think long term this is a good company and short term I have no clue. Besides, Intel investors need patience. This is not YAHOO or DELL. As long as profit margins are up, Intel will slowly move up as well. Enough of Intel and I am beginning to get tired of this one after a horrible earnings IMO. Good luck to all. The following web site has some up to the minute info on Intel that you may find interesting:
cbs.marketwatch.com
I am a bit disappointed. A Company like Intel that has virtually all the market share (sells processors to all the major box makers) can not even come up with a decent earnings number (while I was expecting an explosive number). Once again good luck and bye,
Soumen
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