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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27380)	7/5/1999 8:58:00 AM
From: KHS	Read Replies (1) \| Respond to of 50167

Your call last week on 10471 was something. I stuck my neck out that day and went long just as she hit 10479. Did not wait for a close above, which it did anyway. Thank you. Another question for you. Do you think in 5 years we will have analyst functioning in the way they do today? How will the tools of the communication revolution impact their role? Appreciate your response.

To: IQBAL LATIF who wrote (27380)	7/5/1999 1:23:00 PM
From: Sonki	Read Replies (2) \| Respond to of 50167

OT:<THINKING WHAT A MOVE TO CATCH> yes. laughing all the way to the bank.. ya, not that i have a lot of mony but just went to the bank casiher and said " he he he"( learnt this from OJ) . have a nice 4th ..eventhough it's the 5th. I am very thankful for oppurtunities we get.

To: IQBAL LATIF who wrote (27380)	7/10/1999 12:43:00 PM
From: IQBAL LATIF	Respond to of 50167

With INTC earnings and Oil prices led inflation a worry sfor sell off these reports are quite interesting... Intel, caught off guard last year by rising demand for low- priced personal computers, sped up product introductions and slashed prices on its low-cost chips to compete with rival Advanced Micro Devices Inc. The company improved manufacturing and used cheaper packaging to help mitigate the effect of the price cuts on its profit. ''This is a technology and manufacturing company. Their production costs are coming down and profits will go up,'' said Graham Tanaka of Tanaka Capital Management, which has $140 million under management and owns shares of Intel. Several analysts expressed concern during the quarter that Intel was being too aggressive on slashing prices to win back market share and that the increased sales of its low-end Celeron chip might take sales from its more expensive chips and hamper earnings. Intel's stock ended the quarter almost exactly where it was at the beginning of April, compared with a rise of more than 12 percent in the Standard & Poor's Electronic Semiconductor Index. The company's shares rose 1/2 to 66 1/4 yesterday. New Products, Low Prices Intel lost sales to rivals last year, when its market share fell to 76 percent from 86 percent in 1997. It's regained share in recent months by slashing prices and offering deep discounts to some small PC makers. The average selling price for all Intel chips fell to $210 from $218 in the first quarter, according to analyst Ashok Kumar of U.S. Bancorp Piper Jaffray. At the same time, Intel shipped fewer chips during the second quarter -- about 24.9 million compared with 25.3 million in the first, Kumar said. Celeron chips, which are designed to power computers costing less than $1,000, will account for about 38 percent of Intel's total chips sold during the period, compared with an earlier forecast of 33 percent to 35 percent and first-quarter levels of 27 percent, said analyst Charlie Glavin of CS First Boston. He expects $6.9 billion in revenue and profit of 53 cents. Intel is shipping the Celeron processors in cheaper packaging and constantly works to shrink the actual size of the chip, which effectively reduces cost by allowing more chips to be etched on each silicon wafer. ''They've been able to mitigate a lot of the product-mix shift because of production cost savings,'' Glavin said. ''People have severely under-appreciated the efforts by (Chief Financial Officer) Andy Bryant on cost savings,'' he said. Intel also is benefiting from rising sales of its Pentium III chips, which are its most expensive products and are used in powerful workstations and servers. Demand Picking Up ''There were lots of stops and starts in the quarter, but on balance (results) will be close to where Intel thought they'd be at the beginning of the quarter,'' said analyst Steve Dube of Wasserstein Perella Securities. Intel will report second-quarter results Tuesday after the close of U.S. markets. The company's gross margin, or the percentage of sales remaining after costs of production are subtracted, is expected to be about 59 percent, unchanged from the first quarter. In the first quarter, Intel's sales were lower than expected, though profit exceeded forecasts, as lackluster PC demand and falling prices crimped revenue. Analysts said the slow PC and chip demand has started to turn around and will get better in the second half with the back-to-school and holiday sales seasons. Oil inflation in my opinion will be mitigated by CRB sititng at all times low.. Wall Street moved into record territory and the dollar remained strong, but a good many commodity futures declined, led by grains. The CRB index of futures prices ended the week at 185.10. Extremely beneficial growing conditions sent corn, soybean and wheat futures to multi-year lows. Cotton futures sagged even though exports rose, while cocoa and sugar were also down. Gold futures steadied up after falling sharply Tuesday following the UK gold auction. Debt futures were weak and nervous. Alex McCallum, INO.com editorial director