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Technology Stocks : Intel Corporation (INTC)

INTC 36.66

+1.3%

3:59 PM EST

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To: Paul Engel who wrote (62943)	8/21/1998 7:03:00 AM
From: GVTucker	Read Replies (1) of 186894

<<Kurlak completely missed the Pentium - its launch and significance as it obsoleted the 486 and Intel's competition.>> Actually, Paul, the exact opposite is true. Kurlak had a buy for the short and long term for almost the entire Pentium cycle. <<Then just last May (1997) , Kurlak gave a strong buy on Intel - about two weeks before Intel pre-announced and the stock dropped $15 points in a day.>> This was just a reiteration of Kurlak's strong buy that he had for in excess of a year. And he reiterated that call after Intel pre-announced, which proved to be a correct call, as Intel went on to make an all-time high in the summer. And when Kurlak downgraded Intel when the stock was within 5% of its all-time high last summer, he was ahead of the pack in discerning that ASP's were beginning to fall faster than units were growing. Before Kurlak's downgrade last summer, most people were estimating that Intel would earn in excess of $5 this year. The actual number will be $3, plus or minus a dime. I'd say that's pretty good.

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