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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (32257)	9/5/1998 8:25:00 AM
From: PaperChase	Read Replies (2) of 132070

Intel earnings estimates have been pushed higher for the second half "recovery". What is interesting is that Piper Jaffray analyst Ashok Kumar is the one raising earnings estimates. In the past he has been publicly negative on the prospects of tech stocks like CPQ. (So much negative that I thought he would be looking for a new job.) I'm confused by this stance. If a boxwrecker like CPQ is not expected to do well then how will Intel flourish in the second half? Piper Jaffray has a tendency to make terrible calls so I look forward to seeing how this plays out. Wouldn't it be a riot if Intel warns this quarter and ends up making analysts look like clowns (again). From CNET: "Two analysts, Mark Edelstone of Morgan Stanley Dean Witter Discover and Ashok Kumar of Piper Jaffray raised their earnings estimates on Intel for the third quarter and for the year due to growing PC demand."

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