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To: Tulvio Durand who wrote (7717)	1/12/1998 4:23:00 PM
From: HH	Respond to of 95453

INTC looked strong today. Up ~ $4 . For the past month, investors have punished companies that have warned of upcoming earnings disappointments, or those whose bottom-lines appear vulnerable to Asia's turmoil, such as technology stocks and banks. "We think the market will rally in the second part of the month until February, once companies start reporting earnings," said Hany Gobreial, portfolio strategist at CIBC Oppenheimer & Co. "This is primarily due to the fact that the bad news has already been pre-announced. It's a heavy earnings reports week, and that should propel the market up a little bit," Gobreial said. Intel Corp., the world's biggest computer chip maker and barometer of tech sector health, will post earnings on Tuesday. Wall Street expects fourth-quarter earnings of 90 cents a share.