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To: Ice-Man who wrote (2292)	1/11/1998 1:04:00 AM
From: Essam Hamza	Respond to of 2340

Hi Markus, I agree about the market outlook and have been calling for a rather bleak picture for '98. I personally wouldn't put any new money into the market for awhile unless I am willing to accept a 20-30% correction minimum. The NA markets have yet to really comprehend and take into account the Asian effect. Analyst after analyst keeps telling people on CNBC that the NA markets are over reacting to the Asian crisis. That's total BS! They are using their typical narrow minded NA vision and ignoring the big picture. This is a world economy and even if the full effect hasn't appeared yet it eventually will. The trickle down effect will eventually hit every nook and crany of the market if the crisis doesn't resolve soon. There is talk of a revolution in Indonesia this weekend. If a civil war erupts then watch out next week. Only one problem with your opinion about Intel. Intel's cost actually have decreased because of the Asian devalutation so I'm still unsure about the upcoming earnings report. It should be close to analyst expectations IMO. Will be a very interesting week to say the least :) Good Luck, Essam.

To: Ice-Man who wrote (2292)	1/13/1998 6:44:00 PM
From: Essam Hamza	Read Replies (4) \| Respond to of 2340

Well Markus it looks like I was right about Intel's earnings not being that bad: "Tuesday January 13, 5:35 pm Eastern Time AFTER THE BELL - Intel steams ahead NEW YORK, Jan 13 (Reuters) - Shares in leading microprocessor maker Intel Corp gained nearly a point in after-hours trading Tuesday after the company released better-than-expected earnings results. Dealers said Intel stock was trading at 77-5/8 after the bell, above an unofficial close of 76-15/16. The company waited until after the market close to post fourth quarter diluted earnings of $0.98 per share, pulling well ahead of Wall Street views. According to First Call, analysts' consensus estimates put the company's earnings at $0.90 per share for the quarter. Traders later said that Intel moved up still further to 78-1/4."