Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Joseph Pareti who wrote (88815)	9/24/1999 10:23:00 AM
From: JDN	Respond to of 186894

Dear Joseph: I agree INTC is a big, strong Tech company with what many believe is above average management. However, when multiple sources attack their base business I think its only right the company officials comment. I am particularly concerned about what is being touted as a fiasco in the Rambus/3 slot motherboards and of course a little hand holding through the Taiwan disaster would be nice. JDN

To: Joseph Pareti who wrote (88815)	9/24/1999 1:26:00 PM
From: Maverick	Respond to of 186894

SG Cowen, BBRS Dan Niles: INTC has 2 MM chips debooked last few wks; Taiwan EQ affects PC sector Intel shares fall on order concerns Rambus stock down 13% after Dan Niles rating clip By Janet Haney, CBS MarketWatch Last Update: 1:12 PM ET Sep 24, 1999 Silicon Stocks Hardware Report SANTA CLARA, Calif. (CBS.MW) -- Shares of Intel fell over 5 percent Friday after an influential analyst said he believes the chip giant has been saddled with 2 million order cancellations in late September, due to lower than expected PC demand. Intel (INTC: news, msgs) stock has taken a beating this week. Most recently, comments from an SG Cowen analyst sent the stock tumbling Thursday to close at 77 1/2. In recent trading, Intel shed 3 1/2, or 4.7 percent, to 74. BancBoston Robertson Stephens Analyst Dan Niles said Intel units booked in early September were nearly 31 million, but that the company has had about 2 million "debookings" in the last few weeks. "We believe that the main cause was PC demand not necessarily as strong as expected," Niles wrote in a research note. Additionally, Rambus (RMBS: news, msgs) dropped nearly 14 percent after Niles sliced his rating on the memory technology maker to a "long-term attractive" from a "buy" rating. Niles is concerned personal computer makers will be slow to adopt Rambus' latest memory chips. "The Street expects the Direct Rambus transition to start on Sept. 27 with the introduction of [Intel's] Camino," he wrote in a research note. Rambus shares shed 11 13/16 to 75 11/16. Intel wouldn't comment on whether or not the Camino chipset will be released on Monday. Intel chipsets are targeted at personal computer motherboards. Technology stocks as a whole have traded lower this week as investors attempt to assess the extent of damage Tuesday's Taiwan earthquake will have on the chip and PC makers. "It looks like it's going to be very difficult for Q4 to show the explosive upside that I had anticipated for Intel or for that matter, any of the other PC-dependent companies," SG Cowen's Drew Peck told CBS.MarketWatch.com Thursday. "I did not cut my numbers on Intel . . . but I expect that I'll have to because any of this production has to come off of Intel and for that matter the PC retailers, the PC manufacturers, the chipset makers, you know, everyone who sells in this business is going to feel this." See Thursday Tech Report. Intel will report its third-quarter results on Oct. 12. Analyst surveyed by First Call expect the chip manufacturer to earn 57 cents a share.