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

To: robert w fain who wrote (38788)	11/3/1997 4:12:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 186894

Robert, I think technical factors are holding the stock back. Intel recently has broken down badly in terms of technical indicators, and remember Intel got downgraded today. It may take a few weeks for the stock to recover. I am using this time to add to my position. All indications are for a good Christmas PC-selling season. I'm still lokking for a good end-of-the-year rally in Intel. joey

To: robert w fain who wrote (38788)	11/3/1997 4:21:00 PM
From: L. Adam Latham	Read Replies (3) \| Respond to of 186894

robert: Re: what is holding it back on a day like today? At 3:15 CST, INTC was up 1.9%, and the NASDAQ was up 2.3% - doesn't sound too bad to me, especially taking into account the H&Q downgrade this morning. Adam

To: robert w fain who wrote (38788)	11/3/1997 7:17:00 PM
From: daniel dsouza	Read Replies (4) \| Respond to of 186894

Investors are displacing Intel from their portfolios. Citing strong earnings momentum, DMG's Galvin added PeopleSoft (PSFT) to the "focus" list to replace Intel. Shares of the software developer rose 4 5/8 to 67 1/2 investor.msn.com Intel (INTC) shares jumped 1 5/8 to 78 5/8 in conjunction with the renaissance in tech stocks, despite negative news from the analytical community on two fronts. Deutsche Morgan Grenfell's chief stock strategist, Tom Galvin, removed the chip giant from his "focus" list, and Hambrecht & Quist's chip analyst, Rob Chaplinsky, downgraded his rating on Intel to "hold" from "buy." "It's all related to the growth in the sub-$1,000 PC platform. This is really a long-term issue, (and) there are ramifications to Intel's average selling price," Chaplinsky said. "The low end continues to grow very fast, putting pressure on Intel to cut prices or give up market share." .