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To: Tenchusatsu who wrote (83416)	6/14/1999 2:17:00 PM
From: Scumbria	Read Replies (1) \| Respond to of 186894

Ten, Hence there should be no argument behind the decision for Timna to support DRDRAM. Let's take the argument a little further. Using the same logic, we should start seeing Caminos with DRDRAM really soon. Scumbria

To: Tenchusatsu who wrote (83416)	6/15/1999 1:10:00 PM
From: Maverick	Respond to of 186894

Merrill Lynch raises 1999 semiconductor growth estimate from 12% to 15.5%; increases target price on a half-dozen chip makers. Positive comments by Merrill Lynch spark 2.1% move on Philadelphia Semiconductor Index. SOX currently trading just 5 pts off its 52-week high. By Briefing.com

To: Tenchusatsu who wrote (83416)	6/15/1999 1:17:00 PM
From: Maverick	Respond to of 186894

Strong PC shipments expected in 2Q99. ML is comfortable w/ $0.55 Q2 EPS Recently released forecasts from IDC indicate that the number of PCs shipped in Q2 should grow by 21% YoY. The market research firm also expects continued strength in Japan and Asia Pacific. ML Comment: Strong PC unit growth is good news for the semiconductor industry – we estimate that PCs and PC peripherals account for about 40% of the total end market for semiconductors. We continue to believe that the PC market in 1999 will be characterized by generous volume growth and weak pricing, especially in the desktop market. As far as Intel is concerned, we expect to see the company concentrating on boosting revenues in its server and workstation microprocessor business, where pricing remains relatively solid. Intel will also focus on reducing cost in its Celeron product lineup, which comprises an increasing percentage of the total desktop business for the company. We believe that Intel is having more success cutting costs on Celeron than is common believed, which is a major supporting factor for our $0.55 Q2 earnings estimate.