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


To: Fred Fahmy who wrote (41843)12/9/1997 10:39:00 PM
From: denni  Respond to of 186894
 
here is dj's spin on why intel dropped:

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