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

To: Barry A. Watzman who wrote (37304)	10/22/1997 6:45:00 PM
From: Barry A. Watzman	Respond to of 186894

Now, as for Paul teasing us, I don't know what Paul was referring to, but ...... Intel developed a technique for DRAMATICALLY decreasing the time required to load and start programs, and MS has licensed it to become an integral part of Windows 98. It cuts load times for large programs by as much as 70% (20 seconds down to six seconds was an example given). I forget the name, but there was an article about this in Yahoo news, I think, a few weeks ago. You'll see it in Win 98, although Intel may not get any credit. As someone said earlier, this is a significant amount of Intel software in many products, including MS operating systems.

To: Barry A. Watzman who wrote (37304)	10/22/1997 6:51:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 186894

Barry, ALL: Murphy bullish on Intel/PCs: Tuesday October 21 7:47 PM EDT Company Press Release Strong PC Outlook over 4-5 Quarters Should Buoy Technology Stocks, Industry Guru Murphy Predicts SAN DIEGO--(BUSINESS WIRE)--Oct. 21, 1997--Worldwide strength in the personal computer sales and affiliated supplier businesses bode well for technology stocks over the next 4-5 quarters, a leading industry guru said today. Michael Murphy, editor of the California Technology Stock Letter, said that despite Intel Corp's (NASDAQ:INTC) recent cautionary pronouncements about revenue growth, ''Everywhere else we check we're finding the PC business is very strong and should remain strong for the next four quarters as worldwide the conversion to Windows 95 and Windows NT continues.'' Murphy, author of the soon-to-be-released book, ''Every Investor's Guide to High Tech and Mutual Funds,'' is the keynote speaker at the 1997 Informed Investors Electronics & Technology Forum Sunday morning Nov. 2 in San Diego. Companies scheduled to give analyst-style presentations to individual investors include Credence Systems (NASDAQ:CMOS), In Focus Systems (NASDAQ:INFS), Trimble Navigation (NASDAQ:TRMB), Learnout & Hauspie (NASDAQ:LHSPF - news) and Watkins-Johnson (NYSE:WJ). Notice of participation is pending from several other companies. Up to eight companies may present. The Forum runs from 8 a.m. to noon at the Mission Valley DoubleTree Hotel. The cost is $15 pre-paid, $20 at the door which includes a continental breakfast served at 7:30. Investors unable to attend may order tapes of the Forum for $25 for four company presentations and Murphy's commentary. To register or order tapes, call Informed Investors Forum at 800/992-4683. ''Intel is very careful and always tells analysts what its customers are telling them,'' Murphy said. ''But what needs to be known is that Intel's customers are changing the model they use in ordering. Many more are following Dell Computer (NASDAQ:DELL) and Compaq's (NYSE:CPQ) lead and following a build-to-suit strategy.'' Further, according to Murphy, many PC retailers are adopting a ''just in time'' distribution model to tighten the retail channel such that retailers will re-order PCs as they are sold off the shelves. This reduces the level of inventory exposure. ''Also, it gives the PC maker the opportunity to order the specific chips the retail customers want,'' Murphy said. ''If Pentium II machines are popular, they'll order Pentium II chips, etc.'' Murphy predicts Intel will announce ''sometime in November'' that its revenue projections will be better than earlier thought. By then, he said, the inventory adjustments will have been absorbed and the underlying strength of the overall PC market will prevail. Murphy believes other chip makers, including Advanced Micro Devices (NYSE:AMD) and Cyrix (NASDAQ:CYRX), ''will ship all they can produce because PC makers want alternatives to Intel chips.'' But production problems remain a hazard for the second-tier chipmakers, he cautioned. Strong quarterly earnings reports from Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM - news) came as no surprise to Murphy. ''While the summer quarter always has cross currents and is the weakest quarter of the year for techs, it's not surprising that Microsoft and IBM had good earnings. And the fourth quarter will shape up to be strong.'' Even companies that reported weaker-than-expected earnings, such as LSI Logic (NYSE:LSI), should rebound in the fourth quarter, Murphy said. Murphy doesn't believe the rumored Lucent Technologies (NYSE:LU) acquisition of Ascend Communications (NASDAQ:ASND) will materialize. ''Lucent can get most of what it wants by partnering with Ascend,'' he said. ''Also, why would Ascend want to sell out at this price when in six months, with it getting its acquisition of Cascade under its belt and improving business, its stock could be worth 50 percent more?'' Overall, Murphy said the strong PC market will lift related industries and suppliers including disk drive makers, semiconductor manufacturers and semiconductor equipment manufacturers ''from Applied Materials (NASDAQ:AMAT) on down.'' Among the companies Murphy anticipates will benefit from a strong PC climate are Seagate (NYSE:SEG), Western Digital (NYSE:WDC), Cirrus Logic (NASDAQ:CRUS), IDT (NASDAQ:IDTC), and Cypress Semiconductor (NYSE:CY). ''Mattson Technologies (NASDAQ:MTSN) is our favorite among he semi equipment makers,'' Murphy added. Forum organizer Informed Investors of Sacramento has been providing investment education to individual investors since 1993. For more information, call 800/992-4683.

To: Barry A. Watzman who wrote (37304)	10/22/1997 7:02:00 PM
From: Road Walker	Respond to of 186894

Barry, I understand and I'm not sure I disagree with your position regarding MSFT excluding competitors software from inclusion in box makers PC's, but if this action delays the Win98 software/hardware upgrade cycle... ???, John