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


To: milo_morai who wrote (151768)12/8/2001 4:38:33 PM
From: steve harris  Read Replies (2) | Respond to of 186894
 
Milo,

Looks like Intel is in trouble.

Ramp is fine and yields are great. And we are gaining marketshare! Yu and Gelsinger promoted, when does Otelinni get his "promotion"?

Message 16697967

biz.yahoo.com

Milberg Weiss Announces Securities Class Periods

Intel Corporation (NASDAQ:INTC - news) 07/19/00-09/29/00
To sign up on-line: www.milberg.com/intel/

Another........
biz.yahoo.com

Schiffrin & Barroway, LLP Announces Class Periods For Shareholder Lawsuits

INTEL CORP. (Nasdaq:INTC - news; Class Period: 07/19/00 - 09/29/00) The complaint charges Intel and certain of its officers and directors with issuing false and misleading statements concerning its business and financial condition. Specifically, the complaint alleges that as a result of Intel's extraordinarily bullish statements and assurances during 7/00-8/00, on 8/28/00, Intel's stock hit its all-time high of $75-13/16. But the positive statements about the strong demand for Intel's products, Intel's improved manufacturing processes and efficiencies, the successful development and introduction of its Pentium III microprocessor, the successful development of the Pentium IV, Itanium and Timna chips and the outlook for Intel's 3rdQ 00 results, issued from 7/18-19/00 through the Intel Developer Forum, were false.

On 9/29/00, Intel admitted it was canceling its Timna chip (due to technical development problems and a lack of market demand) and told customers it was delaying shipment of its Pentium IV and Itanium chips due to design and development problems. Intel's stock dropped, falling to as low as $35-3/8. Thus, in just over five weeks, Intel's stock dropped from its all-time high of $75-13/16 on 8/28, to its lowest price in years, $35-3/8, a market cap loss of $271 billion, wiping out 50% of Intel's stock value. The complaint was filed in the U.S. District Court for the Northern District of California. The lead plaintiff motion must be filed no later than December 8, 2001.

The picture is clearer, another one:
biz.yahoo.com

Cauley Geller Bowman & Coates, LLP Announces Class Action Lawsuit Against Intel Corp. on Behalf of Investors -- INTC
period between July 19, 2000 and September 29, 2000

There is that same time period again.........

More?

biz.yahoo.com

Wolf Haldenstein Adler Freeman & Herz LLP Announces Class Action Suit Against Intel
between July 19, 2000 and September 29, 2000, inclusive

More?

biz.yahoo.com

Bull & Lifshitz, LLP Announces Class Periods for Class Action Complaints -- INTC, GENI, ENE, LDCL
Intel Corp. 07/19/00-09/29/00