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Technology Stocks : Intel Corporation (INTC)
INTC 48.59-1.3%3:59 PM EST
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To: jack c rains who wrote (7432)1/6/1997 8:03:00 AM
From: P.Prazeres   of 186894
 
jack,

Intel is already at 138-7/8 in London this morning. Given the strength shown on Friday and the fact that we are one week or so away from what should be a spectacular earnings report and that the new chip is to be released this week, I think that Intel will take out 141-1/2 and continue to go up from there this week. I wouldn't be surprised to be at that level by noon today.

With all that said...if we are at the low 150's by next Monday, then the earnings better be greater than $2/share (or more), otherwise it may be considered a disappointment.

Paulo
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