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To: shane forbes who wrote (10562)	3/5/1998 12:09:00 AM
From: frank/fla.	Read Replies (1) \| Respond to of 25814

Some late closing numbers..dell down 5 still 2 above its opening..mot closed 56.50 a 1/4 above its opening...amat down 1, mu was up over its opening 1/8...txn down 1/2... all these had fare runs today but its not what you would call panic...of course tomorrow is another day. Any votes for skipping it?

To: shane forbes who wrote (10562)	3/5/1998 12:26:00 AM
From: Moonray	Read Replies (1) \| Respond to of 25814

shane, two CNNfn stories: Intel issues profit warning Sluggish orders to translate into lower than expected 1Q profits, revenues Intel warning sparks selloff - March 4, 1998: 9:03 p.m. ET Intel's warning marked a significant retreat from the company's earlier guidance when Intel projected flat revenue compared with the fourth quarter. Industry analysts attributed Intel's woes to a build up of inventories among PC makers. "There's excess inventory of PC's in the channel that's really hurting Intel," said Megan Graham-Hackett, technology analyst at Standard & Poor's. "It's not being able to sell to the Compaqs and IBM's and HP's so it's basically they can't record those sales, so revenues are worse than expected." . . . With the advent of the "sub-$1,000" PC, Intel has seen its gross margins slide from as high as 61 percent during the first nine months of 1997, despite its dominant market position. The Pentium line sells for roughly $100 to $200 per unit when bought in bulk. In the past, Intel was able to protect its profit margins by introducing faster and faster chips that quickly became the benchmark for the PC industry. However, in recent months, as demand for the sub-$1,000 PC has grown, computer makers have turned to cheaper chips. "They're saying its broad-based. It's clearly related to Compaq ... the sub-$1,000 PC phenomenon is hurting the (average selling prices)," Chaplinsky said. "However, we thought unit demand would remain healthy because top tier PC makers were bullish going into the quarter," he said. cnnfn.com -------------------------------------------------------------------- Intel warning sparks selloff Chip giant's forecast sends shock waves through tech industry March 4, 1998 : 8:58 p.m. ET NEW YORK (CNNfn) - Intel Corp. sneezed Wednesday and the rest of the technology sector quickly got a cold. cnnfn.com o~~~ O