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To: John Paquet who wrote (176)	10/12/1999 5:28:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 507

Intel Corp.'s third-quarter net income fell 6.5 percent, as the world's largest semiconductor maker sold fewer chips than some analysts expected and prices for microprocessors declined. Net income fell to $1.46 billion, or 42 cents a share, from $1.56 billion, or 44 cents, in the year-earlier period. Excluding a charge for the purchase of Level One Communications, profit was $1.9 billion, or 55 cents a share. Intel shares fell as low as 70 after the report. They rose 3/16 to 76 11/16 in regular trading. Intel said the average price for its microprocessors, the brains of personal computers, fell from the second quarter. The company's research and development costs rose 8 percent during the same period. Sales rose 8.9 percent to $7.33 billion from a year ago, less than some analysts expected. ``Some people were assuming that prices would be up' compared with the second quarter, said Jack Geraghty, an analyst at Gerard Klauer Mattison & Co., who rates Intel ``buy.' Geraghty expected sales of $7.5 million. It's the second quarter that Intel's profit has trailed analyst forecasts. Excluding the acquisition charge, analysts expected the company to earn 57 cents in the third quarter, the average estimate from First Call Corp. Some forecasts on the Internet were for earnings of 60 cents a share. In the second quarter, Intel earned 51 cents, while the average estimate was for 53 cents. Analyst Mark Edelstone at Morgan Stanley Dean Witter was expecting $7.4 billion in sales for the third quarter. A year ago, sales were $6.73 billion. ¸1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks. ps. Are you ready to ramble? <gg> October! Should be ready! <gg>

To: John Paquet who wrote (176)	10/12/1999 5:38:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 507

John, ESX is demonstrating an incredible strength-something is up... Also smell Another Quick 20-30% this week...Check this-MOMENTUM 31 Hurricane Shares Rise 41% on Plan to Buy Refinery in Kazakhstan By Gene Laverty Hurricane Shares Rise 29% on Plan to Buy Refinery (Update1) (Adds closing share price.) Calgary, Alberta, Oct. 12 (Bloomberg) -- Hurricane Hydrocarbons Ltd. shares rose 29 percent after the Canadian oil producer, currently under court protection from its creditors, said it's buying the Kazakhstan refinery where its crude oil is processed. The Calgary, Alberta-based company will pay with a third of its stock and US$57 million (C$84.1 million). Shares rose C$0.25 to C$1.10 in Toronto trading of 645,936, more than six times the three-month average volume of 99,538. Earlier, the shares touched C$1.20. Calgary, Alberta-based Hurricane said it will buy OJSC Shymkentnefteorgsyntez, the refiner that forced it close to bankruptcy in May by refusing to buy crude oil Hurricane produces in South Kazakhstan. The refiner was the only potential buyer for the oil. Hurricane said it would pay a combination of cash and shares for the refiner equal to 33 percent of Hurricane's shares after the transaction is complete July 1. The company refused to say whether it will issue new shares between now and completion. Approval of the purchase requires the agreement of Hurricane's shareholders and the Alberta court. ``This definitive agreement will result in the creation of a leading integrated oil company in Central Asia,' Bernard Isautier, Hurricane's chief executive, said in a statement. The company sought protection from its creditors under the Companies' Creditors Arrangements Act, which is similar to Chapter 11 bankruptcy in the U.S., when it was unable to pay its C$210 million debt. Hurricane stock has doubled since Sept. 27, when it said it reached an agreement with OJSC Shymkentnefteorgsyntez to buy oil and was working on a plan to repay its creditors.