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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (51043)	3/9/1999 7:28:00 PM
From: Monty Lenard	Read Replies (2) of 132070

Someone may have already posted this and if so I appologize. stocksite.com 17:05 03-09-99 SAN FRANCISCO (Reuters) - Intel Corp. declined to comment on market rumors that the microchip group would soon pre-announce a first quarter earnings shortfall, fueling a drop in its stock Tuesday. ''I can't comment on market rumors,'' said Tom Waldrop, a spokesman for Santa Clara, Calif.-based Intel. Intel shares dropped $4.31 to $115.31 in very heaving trading, especially in the last hour before the market closed. Traders and fund managers said they had been hearing the rumor in the last hour or so of trading and they were not surprised by it, given the current PC industry environment. ''Just based on what we know about the PC business, it wouldn't be too surprising if things were a little bit light,'' said one fund manager who asked not to be named.

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