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

To: tejek who wrote (110549)	9/21/2000 4:56:05 PM
From: tejek	Respond to of 186894

Add SUNW, IBM, and DELL to the list.

To: tejek who wrote (110549)	9/21/2000 5:11:56 PM
From: vegetarian	Read Replies (1) \| Respond to of 186894

As bad as the warning is, I think a significant hit has already been taken. I guess the expectation was for 9.1B in rev, with their warning, they are expecting about 8.755 (3% above 8.5B) so that is a shortfall of 3.7% compared to expectation. In addition a 2% hit in margins will widen the shortfall for EPS to 7-8%. Technically first support at 50, if that does not hold 45 is a strong support. However, it is unclear what effect it might have on sentiment of the market which can accelerate the downdraft for richly valued NASDAQ. I expect it to test 3000 in next few months at this stage. Great buying opportunities ahead