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

To: Jim McMannis who wrote (91074)	10/27/1999 8:34:00 PM
From: Felix Appolonia	Read Replies (1) \| Respond to of 186894

Jim, I have IBM at 90.00 and want to sell it and buy more INTC since it moved lower today. What do you think ? Felix

To: Jim McMannis who wrote (91074)	10/27/1999 8:50:00 PM
From: Maverick	Respond to of 186894

SSB:INTC has mfgr problem,slow demand of high-end PC,Y2K impact RESEARCH ALERT-Intel EPS estimates cut by Salomon NEW YORK, Oct 27 (Reuters) - Salomon Smith Barney has cut its earnings forecasts for Intel Corp. , the investment firm said on Wednesday. -- Intel's Q4 earnings per share estimate was cut to $0.59 from $0.64. -- EPS estimate for 1999 was cut to $2.23 from $2.27. -- EPS estimate for 2000 was cut to $2.65 from $2.85. -- Salomon said they were "getting multiple reports that Intel is still having some manufacturing issues this quarter and is having trouble meeting all the commitments it made to its customers." -- The demand side also is cloudy with credible reports from leading Taiwanese motherboard makers of cancellations due to slower sales for higher-priced products and Year 2000 holds. -- There was no change made to the 12-month price target of $95. -- Shares of Intel were down 2 at 69-7/16 in late morning Nasdaq trade.