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Technology Stocks : ATI Technologies in 1997 (T.ATY)
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To: Marc who wrote (3132)4/13/1999 11:33:00 PM
From: Stocker  Read Replies (1) of 5927
 
Not so fast. From what I hear, some analysts didn't like that INTC's sales where much less than they had expected. Apparently INTC missed the volume numbers the street was looking for but beat profit estimates because margins on the high end product were better than expected. The street is also disappointed that INTC was quite cautious about the next quarter saying they expect little change.

Not sure how badly this might affect ATI. Will depend on how the talking heads pitch it and whether we see any downgrades on INTC tomorrow or not.

I don't think we're out of the woods yet.
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