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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (85489)	7/13/1999 5:35:00 PM
From: Neal davidson	Read Replies (3) \| Respond to of 186894

Here is what Danny is saying: But Dan Niles, technology analyst at BancBoston Robertson Stephens, told CNNfn analysts will likely have to cut their third-quarter estimates. "It looks like they're estimating [third-quarter earnings per share] around 55 cents," Niles said. "That's lower than the 58 cents analysts are carrying." Intel shares slipped 1/16 to close at 65-3/8 on the Nasdaq stock market prior to the earnings announcement. In after-hours trading, the stock traded as low was 62-5/8 before rebounding sharply to around 66. However, Niles said Intel's stock could come under pressure when trading Nasdaq trading resumes Wednesday. "Ultimately, we buy these stocks for earnings," he said. "When everyone cuts their numbers tomorrow morning, it may be difficult for the stock to stay up." cnnfn.com