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

To: Chip Roos who wrote (52152)	4/6/1998 11:22:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

Chip, I hate to say it here but I think you have to look at the charts. Right now there are a couple of ominous support levels at 70 and 67. So far they have been holding, if they hold long enough and the reality that Intel is the biggest baddest producer of chips cuts in...and the Analysts suddenly discover that inventories have paired down...then Intel could get on a run. Then there are the negatives...which are hurting the stock now. 1. AMD at 49% share of the boxes sold in retail stores. Trending higher. 2. Rumors of higher yields at AMD. 3. The Celery is shades of the 486SX...margins? 4. Too much inventory in the channel...and new chips coming out adds to over supply problem. 5. K6-3d...closes floating point gap. 6. NSM moving to .25u and higher PR ratings. 7. NSM FAB partners adding capacity. 8. NSM system on a chip in 1999 adds uncertainty for Intel longer term. South Portland FAB could add 10s of millions of chips into the market. 9. IDT filling some markets for low cost stand alone chips...and Stupid Intel is handing it to them by phasing out the PentiumMMX...the lowest cost Pentium class chip. Sounds like a lot of capacity to the Analysts. Remember, so far Intel has absorbed all this fairly well. Jim 7. Even though