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

To: Burt Masnick who wrote (88090)	9/10/1999 11:39:00 PM
From: Doug M.	Read Replies (5) \| Respond to of 186894

? For the thread. What is Cramer talking about? "So Intel (INTC:Nasdaq) sends out a press release about the regular reporting of earnings and people panic? Yeah, that's about the size of it. The cognoscenti who trade Intel were hoping that business was so great that we would get a pre announcement, and when we didn't, some air went out of the stock" I checked Bloomberg and all the other wires and couldn't find anything about Intel making a statement that they wouldn't positively pre announce. I've been real busy so maybe I've missed something. As an Intel shareholder for years, I have learned that Intel rarely appeases Wall Street with statements to the press by saying they will or will not positively or negatively pre announce. The only time I can recall that Intel has made such a statement without issuing a formal earnings pre announcement via a press release/earnings release was in June of 1998. Rod Chaplinsky, formally of Hambrecht and Quist, said Intel was certainly due for a negative pre announcement after the bell. An Intel representaive promptly refuted that statemet in a short interview after the market closed. Intel never issued a formal release in that situation. The stock hasn't been any lower since that day in June '98. That day, Chaplinsky single handedly sent the stock down several points in the last half hour of trading and I guess Intel was really pissed off. I assume that's why Intel conducted the interview. The stock recovered all the losses the next day. In all the other cases that I can remember, Intel either preannounces through a scheduled press release or they keep their mouths shut. What is Cramer saying? There isn't anything on Intel's web site indicating any comments - I checked both their press room and their earnings release section. Am I missing something or is Cramer? Any input would be appreciated, Doug