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To: Wally Mastroly who wrote (22280)	3/17/1998 5:46:00 PM
From: QMS	Respond to of 97611

Networkers Down The chip companies will have company.Bay Networks issues negative earnings comment after the Bell. Qms

To: Wally Mastroly who wrote (22280)	3/17/1998 6:00:00 PM
From: Chris McConnel	Read Replies (3) \| Respond to of 97611

In related news, Salomon brothers has reduced there 2nd Qtr eps from $0.38 to $-0.20 and year ending 12/98 from $1.32 to $0.32. They seem to be the first to predict a loss for 2nd qtr. They believe the 2nd qtr loss is the only way to reduce inventory to 2-3 weeks. Not real good news if you are long. May buy some puts tomorrow to hedge my leap calls. - Chris

To: Wally Mastroly who wrote (22280)	3/17/1998 6:13:00 PM
From: van wang	Respond to of 97611

Subject: Intel's Barrett Says Sales Are Slow In U.S., Europe Date: Tue, 17 Mar 1998 14:24:43 -0800 (PST) From: staff@quote.com To: quotecom-users@quote.com ============================================================ Click for the $7.95 stock trade! www.SURETRADE.com All the tools of the trade in one easy-to-use site! suretrade.com ============================================================ News Alert from Dow Jones Online News via Quote.com Topic: (NASDAQ:INTC) Intel Corp, Quote.com News Item #5793453 Headline: Intel's Barrett Says Sales Are Slow In U.S., Europe ====================================================================== NEW YORK -(Dow Jones)- Intel Corp.'s sales in Europe and the U.S. are a little slow, said Craig Barrett, the semiconductor giant's president and chief operating officer, in an interview on CNBC Tuesday. But the executive wouldn't say whether those sales were slower than the company anticipated when it issued a first-quarter earnings warning earlier this month. Last month, Intel (INTC) warned first-quarter earnings would fall short of estimates, with revenue slipping 10% from the fourth quarter's $6.5 billion, as a result of weak near-term demand from the original equipment manufacturer sector. Before the warning, First Call mean estimate was 93 cents a share. Tuesday, it was 72 cents. While he his business is cyclical, Barrett said, demand for the type of products Intel makes isn't. "We're seeing a bit of a slowdown right now," he said. "But I think most forecasters suggest the overall market for semiconductors, for computer goods, will increase at a double-digit growth rate for the foreseeable future." Intel plans to capitalize on that growth through the introduction of new products, including a 64-bit microprocessor, Barrett said. -By Charlene Oldham; 201-938-5173 Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.