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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: Tony Viola who wrote (81778)5/27/1999 11:28:00 AM
From: John Hull  Read Replies (2) of 186894
 
Tony, re:"the analysts have gotten into a habit of piling on Intel mid quarter, quarter after quarter with the fears of making the numbers, and the stock gets trashed big time."

I abhor this reality as much as anybody. I also understand that Intel is, bar none, the biggest soap box in the semi industry. Therefore, the analysts are under incredible pressure to be:

1. visible (above the other ~35 guys covering Intel)
2. credible on the most visible security in their sector (Intel)

Back in Fall of '97 - Fortune magazine did a cover story on "The Wall Street Analysts Who Jerk Your Stocks Around" - featuring Mr. Kurlak as feature player. Every other analyst interviewed in the article was green with envy over Mr. K's power to move the market based on his calls on Intel. They all lusted after that power.

Predict a preannouncement from Intel within 24 hours of it actually happening and you're a God in the tech sector.

With ~35 people competing (not to mention some hedgies, options traders, and press pundits who all see the same big leverage oppty) its no wonder the noise level never seems to dissipate.

What's ironic is that every small start-up struggles and begs for Wall Street analyst coverage. Then one day you get it and its great. Then you get to be as big and successful as Intel and you get too much. Its just part of the world Intel lives in.

regards,
jh
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