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Technology Stocks : Intel Corporation (INTC)
INTC 35.75+3.6%Nov 24 3:59 PM EST
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To: Jules B. Garfunkel who wrote (67035)10/19/1998 2:35:00 PM
From: Paul Engel  Read Replies (4) of 186894
 
Jules - Re: "why does Kurlak ignor Intel's guidance, disregard Intel's answers to his direct questions, and not acknowledge that he has been dead wrong on his 2H98 earnings estimates?"

Kurlak works for Merrill Lynch.

Merrill Lynch has invested money/loaned money to Long Term Capital Management and possibly other Hedge Funds.

Merrill Lynch's management has personally invested in Long Term Capital Management.

There is a strong possibility that Long Term capital would benefit from a significant DROP in Intel's stock price - a drop that hasn't occurred.

I suggest a look at all of Long Term Capital's investments may hold the key to why Kurlak has done/said what he has.

Also, Merrill has a vested interest in getting their clients to CHURN Intel stock - to help offset their Long Term Capital LOSSES with commission expenses from their "loyal" and duped clients.

Or else Kurlak's stupid.

Paul
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