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Technology Stocks : Intel Corporation (INTC)
INTC 37.24-0.2%12:52 PM EST
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To: jaypeter who wrote (10405)2/6/1997 8:44:00 PM
From: jmac   of 186894
 
I believe that INTC will be at new highs prior to 1st Q earning's release. I believe that they will beat estimates by 8%-10% due to the far smaller price decreases in chip prices last week or so. So, I am estimating a $2.20-$2.30 quarter and I expect to see upgrades in estimates in March. I personally would not have bought April 160s but I would hold here since, in my opinion, much of the damage has already occured.

Please ask Jack his opinion of the coming months. I am sure he will share his thoughts with you (at least as to INTC--not lottery numbers).
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