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

To: John F. Dowd who wrote (91034)	10/27/1999 12:45:00 PM
From: WiseGuy	Read Replies (2) \| Respond to of 186894

Intel Corp. (INTC) 71 7/16: chip maker trading off 1 7/16 after Salomon Smith Barney cuts their FY99 estimate from $2.27 to $2.22 and FY00 from $2.85 to 2.65 (consensus is $2.26 for FY99 and $2.67 for FY00); cutting on manufacturing issues this quarter saying that INTC is having trouble meeting demand, primarily with Coppermine and mix of processors; expects this to be a short-term issue: maintains "buy" rating and $95 price target..... Intel's analyst meeting is tomorrow - why not wait till tomorrow and ask Intel's management? These so-so analysts always want to be a hero, predicting the company's fate before management does, just like the infamous Dan Niles.

To: John F. Dowd who wrote (91034)	10/27/1999 11:20:00 PM
From: Harry Landsiedel	Read Replies (1) \| Respond to of 186894

John F. Dowd. Re: "Hard to believe that they are keying off CPQ." It's not just CPQ. It's CPQ on top of IBM, which is on top of HWP. I listened to the conference call with Cappelas, and he did not want to commit to a number for 4Q. He said that the order book looks very strong today but the last 6 weeks of the quarter was a "crapshoot". He said it was the toughest quarter to estimate in the computer business. That kind of conservative approach is bound to make the analysts nervous. He also mentioned they were OK on DRAM and LCD's for notebooks but were concerned about shortages of microprocessors. That was bound to impact Intel. Re: "What I was really surprised about was the reduction of next years earnings." I totally agree. What they don't make in 4Q they will probably make up in 1Q, but these analysts are doing it by rote. IMHO, Cappelas was taking a page out of MSFT's notebook and underpromising and overdelivering (hopefully). But short-term the analysts will trim estimates. HL