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To: drsvelte who wrote (23957)	10/12/1999 5:02:00 PM
From: d. alexander	Respond to of 68127

doc; just for comparison I went back to Briefing, oct 15 1997. Found this. Result, in that case, was not such a big decline in Naz (9 points), & Dow was up on that day (for whatever reasons). Tho history never repeats. Let's see if Briefing clones themself tomorrow am <g> October 15, 1997 INTEL CORP. (INTC) 91 13/16 CLOSED. It may be an ugly day for tech stocks this morning as leading chip maker Intel posted a 3rd qtr net below market expectations. Maybe the miss itself was not as bad as the results would suggest, but the fact that 4th qtr revenues are only expected to rise "slightly" above the 3rd qtr level has prompted the stock to come under selling pressure in after hours and over-night trading. The stock has traded as low as $86 3/4 in London and its possible that this negative sentiment will prevail this morning in the U.S. According to Intel, it earned $0.88 a share in the 3rd qtr, three cents below the First Call consensus, but 19% ahead of year-ago net. Revenues for the period rose 20% to $6.16 billion from $5.14 billion in the year-ago period, but gross margins fell and are expected to come under pressure in the 4th qtr due to the product mix that is strongly leaning towards lower margin chips. According to Intel, the lack of performance in the quarter was prompted by slower than projected flash memory sales and high Pentium II production costs. In fact, the reaction in the stock last night and this morning will be guided more by what the company sees ahead than the actual numbers for the 3rd qtr. Traditionally, the 4th qtr has been the strongest period for Intel, but with consumers buying more cheaper computers rather than the higher-end machines that provide Intel with higher margins, the company is already cautioning investors that margins will remain under pressure, meaning that profits are likely to take a hit. In fact, the average price of Intel's Pentium chips will fall sharply in the coming weeks, one of the reasons why Intel is projecting sales to be flat in the 4th qtr and why earnings will be less than had been projected. According to Intel, however, it still believes that over the long-term the gross margin percentage will be 50% plus or minus a few points. Intel's long-term gross margin percentage will vary depending on product mix. Not waiting for the dust to settle, expect Wall Street to start cutting earnings estimates for 1998 and for these earnings cuts to put further pressure on the stock price this morning.

To: drsvelte who wrote (23957)	10/12/1999 5:22:00 PM
From: shasta23	Read Replies (1) \| Respond to of 68127

doc, i tell you the charts don't lie! INTC's chart looked ugly not being able to get above the 50DMA despite the NAZ making a new high. Could get ugly out there now! SEG beat expectations but a wide margin but that's just background noise.Seems like VTSS will not post earnings today but in a week according to the thread.Earningswhisper had it for today.Oh well. BTW NAZ future -3450 right now! OUCH!! Looks like the cavalry never the left the fort for rescue mission... STEFAN