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

To: Uncle Mikey who wrote (39635)	11/8/1997 6:32:00 PM
From: bernardf	Respond to of 186894

to all; fortune artical on merced. big plus; c:\windows\desktop\int.html _________________________________________

To: Uncle Mikey who wrote (39635)	11/8/1997 6:39:00 PM
From: Willie Lew	Respond to of 186894

Intel news.... It looks like INTC will start coming back... Got this from Yahoo. biz.yahoo.com IMO, its the next momentum stock.... Willie --------------------------------------------------------------- Friday November 7, 7:42 pm Eastern Time FOCUS-Intel says inventory woes almost over, outlook bullish By Kourosh Karimkhany SANTA CLARA, Calif., Nov 7 (Reuters) - Intel Corp. [Nasdaq:INTC - news] stock rose 5 percent on Friday after the world's biggest computer chip maker said Asia's economic woes and falling personal computer prices have left its business relatively unscathed. At a semiannual analyst meeting, Intel executives also said an industrywide move by PC manufacturers to slash their component inventory is almost over, suggesting that Intel's sales could pick up in coming months. Many investors had come to the meeting expecting Intel to disclose that collapsing Asian economies, falling PC prices and slowing industry growth would slash earnings. But analysts said they were delighted with Intel's outlook. ''Given everything said coming into this meeting, this is great,'' said Ron Elijah, manager of the BancAmerica Robertson Stephens Information Age mutual fund. ''What's encouraging is that they said they believe the PC industry is growing faster than they are.'' Intel shares surged $3.94 to $77.44 on Nasdaq trading of 39.8 million shares, the most active stock in U.S. markets. Earlier, the shares had traded as high as $78. Intel blamed its recent slowdown on a massive inventory reduction by PC makers. In the past year, most major PC makers have been retooling their business to imitate Dell Computer Corp. [Nasdaq:DELL - news], which builds each PC to the customer's specification. As part of that move, they bought less components from suppliers like Intel, burning off existing inventory. That move cost Intel about $500 million to $750 million in revenue in 1997, causing Intel to grow slower than the rest of the PC industry, said Paul Otellini, Intel executive vice president of sales and marketing. ''We believe the transition is almost over,'' Otellini said. Analysts said it could mean Intel again will grow at least as fast as the rest of the industry. Separately, investors had been concerned about Intel's sales in Asia. Consumption of goods there has collapsed in recent months amid fears of a deep recession. Intel executives confirmed they have seen slowing sales in Southeast Asia and Japan, but remain optimistic about sales elsewhere. ''We're optimistic about Europe in the fourth quarter,'' Otellini said. Sales in China also remain strong, he said. Falling PC prices also have weighed on Intel's stock in recent weeks. According to some market researchers, the average retail price of a PC has fallen below $1,500 for first time. As cheap PCs gain popularity, PC makers have to buy less expensive components from suppliers like Intel, squeezing profits. Intel executives said they generally have not seen prices fall sharply. What's more, Intel plans to introduce several new versions of its Pentium II microprocessors to meet the needs of every market segment -- from ultra-cheap order-entry terminals, to set-top boxes for cable television, to consumer machines, to powerful network servers. ''We're going to participate very aggressively in every segment,'' Otellini said. ''In general, our view is that the business model will not change.'' Andy Bryant, Intel's chief financial officer, said the company is still on track to increase fourth-quarter revenue slightly above the third quarter's $6.16 billion.