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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (16068)	1/13/1998 7:10:00 PM
From: Maverick	Read Replies (1) \| Respond to of 27012

When bad news equals good news it is often the start of something big... And that could be what is unfolding in the tech sector where disappointing earnings news from Motorola and Lattice Semiconductor sparked a wave of buying... The street was pleased that the companies missed their estimates by no more than a few pennies... Given that both stocks traded sharply lower going into the unknown, bargain hunters used the near misses as evidence that the selling was overdone... In other words, the unspoken message is that Asia will only be a minor annoyance to the tech sector not an anchor around its neck. Based on this assumption, the entire sector engaged in a widespread relief rally... Volume on the upside was good as well... Though the sector's technical underpinnings remain fragile, today was an important first step toward solidifying the foundation for at least a short-term trading rally. Look for additional gains in today's session (1/14) as Intel managed to better than expected earnings... Though the number fell short of highly optimistic forecast which called for company to beat the street estimates by $0.15, the consensus view is one of relief... Another bullet dodged... The chip giant reported earnings of $0.98, a modest sequential gain but well below year-ago earnings of $1.06... Q4 margins were down a bit but not bad (59%) given price war - actually slightly ahead of most estimates... Revenues of $6.5 bln in line with estimates, but only narrowly above year-ago levels ($6.4 bln)... Company's comments regarding potential negative impact from Asia about what was expected... Sees slightly lower margins in Q1 from Q4... Also expects Q1 revenues to be sequentially flat - typical of Q1... Of course what was atypical was the generally flat to weaker Q4 (normally the company's best quarter)... Again, the lack of disastrous news likely to be seen as positive by the street - though stock has rebounded nearly 10 points in recent sessions on assumptions that number would exceed estimates... In overnight trading stock up additional 3/4 to 1 1/2. From Briefing.com

To: Captain Jack who wrote (16068)	1/13/1998 7:46:00 PM
From: Maverick	Respond to of 27012

Motorola's earnings report triggered relief rally in the chip industry... MOT itself jumped 2 7/8 despite a few downgrades. Lattice & Vitesse also jumped in response to their earnings numbers... Chip stocks likely to keep climbing after Intel reported better than expected earnings of $0.98 on revenues of $6.5 bln... Beat street estimate by 5 to 8 cents... Company's future related comments so far not bad either... Stock up a bit in after hours trading... Micron shot up another 3 points on the higher DRAM prices and active short-covering... Texas Instruments beginning to play catch up gaining over 4 points. From Briefing.com

To: Captain Jack who wrote (16068)	1/13/1998 10:01:00 PM
From: Sonny McWilliams	Read Replies (2) \| Respond to of 27012

John, let us know when you find this 20-40 point issue. gg. I just listened to the audio conf.call. Pretty good. Here is the press release. I am sure you read it already: intel.com I hear Intel is up to over 78 after hours. I hope it goes higher in the morning. I think the techs will have a nice run now. I listened to a discussion on PBS between Ralph Nader and a Msft competitor from Canada, an advisor to Msft and of course some commentators. I used to be for some of Ralph Nader's causes but he is way out of line here and sounded pretty out of focus on this program. This competitor said that Msft was not their only concern, so were all their other competitors. We are out there to compete and coming up with something users like better is our main focus. We are not concerned that competition is being stifled, there is plenty competition out there, we are concerned with finding competing products. He said he used to be with Lotus and being on top of things is more important than anything. Look at IBM. Everybody used to think that there was no way to compete against IBM and look what happened. New entrepreneurs finding new products is our main competition not Msft. Well, Msft had its day in court. Let's see what the judge comes up with in May. Maybe he will study technology a little further. Sonny