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

To: LJM who wrote (49754)	3/5/1998 2:17:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

LJM RE:" For those of you technical analysts out there....what do you think of the current chart pattern. Bill Griffith thought it looked like a head and shoulders pattern forming? I'm not savvy enough technically to say, but curious what the pattern does indicate. I've been long since July 73 and will remain long, regardless." That comment will fall on deaf ears here...or the typical Intel investors reply will be "TA has no predictive value"...or "what does head and shoulders have to do with the stock market"... To answer your query, yes that possible H&S formation is a site to see! Jim

To: LJM who wrote (49754)	3/5/1998 2:34:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 186894

LJM, >>>> For those of you technical analysts out there....what do you think of the current chart pattern. Bill Griffith thought it looked like a head and shoulders pattern forming? I'm not savvy enough technically to say, but curious what the pattern does indicate. I've been long since July 73 and will remain long, regardless. LJM <<< Intel's chart sucks compared to say MSFT's chart. I really ought to have my head examined that I did not sell at $90 (Pigs get slaughtered!!!). INTC is now essentially flat since May '97. However, I will hang around to see if we violate $67 (the previous selloff low!). If we do, then its watch out below. If we dont and trade in the low 70s, say $71 etc.. then I may try again.... --Olu E.

To: LJM who wrote (49754)	3/5/1998 7:48:00 PM
From: Maverick	Respond to of 186894

INTC earning cut, part II * Bear Stearns analyst Andrew Neff cut the 1Q EPS estimate for INTEL CORP to $0.73 per share from $0.91, a Bear Stearns source said. First Call analysts mean estimate Wednesday was $0.93 per share. Analyst cut 1998 EPS to $3.00 per share from $3.65, cut 1999 EPS to $3.40 from $4.00 per share. He maintained neutral rating on stock. (Reuters 08:45 AM ET 03/05/98) * The consensus estimate for INTEL CORP's 1Q has come down to $0.71 per share from $0.93 per share, while the 1998 estimate has been cut to $3.22 per share from $3.92 per share, First Call said. Wall Street analysts sliced their earnings estimates on shares of Intel Corp after the giant semiconductor company warned of lower 1Q results, according to First Call, which tracks estimates. The 1999 earnings estimate has been reduced to $3.98 per share from $4.60 per share, it said. These figures are based on estimate changes from 17 of the 31 analysts covering Intel, First Call said. (Reuters 11:24 AM ET 03/05/98)