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

To: StockMan who wrote (38440)	10/30/1997 5:59:00 PM
From: daniel dsouza	Respond to of 186894

THE WORLD'S FASTEST CHIP: SAMSUNG BREAKS SPEED BARRIER AT 700-MHZ news.com No, it's not a typo: This 64-bit, 15 million transistor chip--made with a ..25 micron process from Digital Equipment--is the world's fastest. What's more, guess who has just agreed to acquire the plant that creates these speed demons? Hint: rhymes with "Wintel."

To: StockMan who wrote (38440)	10/30/1997 6:06:00 PM
From: Richard Tuck	Read Replies (2) \| Respond to of 186894

Stockman, Kurlak, around the time of his downgrade, was saying that Intel was going to fall short of $0.91. He may not have changed his official estimate, but he was clear about how he felt. As for the other items he did not know about, they are either not materially important (slightly up revenues vs. flat revenues) or unforseeable (Asian crisis). Even without the Asian crisis, INTC would be trading in the low 80s. Kurlak's reason for going neutral is somewhat valid. If the sales mix does not transition quickly to the PII, then Intel is going to underperform. The PII was introduced in May and it is still a minor portion of INTC's sales 5 months later (MMX replaced non-MMX Pentiums in that period of time). Thus, it is only natural to worry about how quickly the transition will take place. Even when the transition takes place, AMD could reduce INTC's profits by fielding some semblance of 0.25um competition. I do not have a crystal ball so I can't say which way things will go. However, I have thrown my lot in with the Church of Intel and hope that INTC overcomes once again. Richard

To: StockMan who wrote (38440)	10/30/1997 7:36:00 PM
From: xstuckey	Read Replies (1) \| Respond to of 186894

Stockman, Richard, I think it is pointless to argue over Tom Kurlak. Whether we like it or not, he is the Intel axe among analysts. His estimates are often wildly wrong because he seems to be making a statement with those estimates. That way when he reverses them, the new estimates change the First Call averages dramatically. On the other hand, I believe he is very honest, never leaking his new estimates to favorites. I don't think the big Merrill Lynch customers get them until the morning he publicly anounces his changes. My Intel trading program is very sensitive to systematic price changes brought about by "leaked" news. Compared to Kurlak, forthcoming announcements by other analysts and even Intel itself are downright transparent. Best Trading, X