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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: Beachbumm who wrote (3027)	12/10/1997 1:04:00 AM
From: WiseGuy	Respond to of 6980

>> Not just Oracle. Strong dollar is big problem. << Struggling Intel not helping either, contributing to the negative mood of tech stocks. __________________________________________________________________ Intel Shares Fall 3.6%; Pressure Seen From H&Q Comments By Mark Boslet PALO ALTO, Calif. (Dow Jones)--Intel Corp. (INTC) faces a significant end-of-quarter rush this year as it seeks to reach its fourth-quarter growth targets, according to market accounts of an analyst's comments Tuesday. Hambrecht & Quist analyst Robert Chaplinsky cautioned that the chip giant still needs to deliver between $500 million and $700 million in orders to customers to make the quarter, market sources said. The number is a bit larger than normal for this point in the quarter, and the question remains whether computer makers will want this much inventory, said the sources in characterizing Chaplinsky's comments. Chaplinsky could not be reached by phone. Intel shares traded lower in a technology market softened by Oracle Corp.'s (ORCL) weaker-than-expected second quarter, reported late yesterday. Some of the downward pressure probably came from the Hambrecht & Quist remarks, the market sources said. Intel shares were off 2 13/16, or 3.6%, to 75 5/8. -Mark Boslet; 415 496-1366