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

To: Johnnie W. who wrote (45242)	1/13/1998 5:48:00 PM
From: Dale J.	Read Replies (2) \| Respond to of 186894

re: <<Don't celebrate too soon! Profit margins are declining and INTC indicated next several months should be flat!!! >> Net Income is the Bottom Line, and it was higher than expected. This is particularly important in light of the Asian exposure the analysts have been warning about. Intel has projected margins will decline so that is not news. But I agree with you that the analyst may still put a negative spin on things.

To: Johnnie W. who wrote (45242)	1/13/1998 5:54:00 PM
From: Jeffrey Chan	Respond to of 186894

To Johnnie: The market is a psychological game. It's a game about expectation and truth. Before the earning release, those analysts already expected a sequential flat revenus for the 1st quarter. INTC ever stated the profit margin will be 55% or so, nothing new. Therefore, peolple will be cheered up by 8 cents surprise which even beat the highest whisper number. All of the sudden, people will feel everything is not that bad. Besides, the bottom line is that there is still tons of money in the market. I tend to believe INTC will bring the market with a big psychological coming back. After that, people want to take profit and are aware that the asia situation does not change much. The market goes down again. /Jeffrey

To: Johnnie W. who wrote (45242)	1/13/1998 5:58:00 PM
From: Jon Moore	Read Replies (2) \| Respond to of 186894

Does anyone know the percentage of sales to Asia? I expect it to be insignificant, but would like to have a figure so that I can figure the impact of the Asian slow down. Thanks.

To: Johnnie W. who wrote (45242)	1/13/1998 6:03:00 PM
From: mauser96	Respond to of 186894

The sector a stock is in is usually more important than the stock itself, and the entire semiconductor business was under a cloud that has worsened with the Asian problem. Intel stock performance will be held back by this in the short run, but for long term investors this quarter proves that Intel can prosper in the presence of competitors like AMD, trends like $1000 computers, and softness in various parts of the world market. Though the quarter was better than expected, it was still down from last year. As the product cycle shifts to its advantage, Intel profits should resume their upward trend. The key is not profit margins, it is the number of chips they can produce and sell. good investing