To: Frank Ellis Morris who wrote (18993 ) 4/14/1998 6:59:00 PM From: Frank Ellis Morris Respond to of 27012
Good Evening Everyone, I am sure that you all are aware of Intel and its earnings but I will post this message I found on the wires ________________________________________ Tuesday April 14, 5:36 pm Eastern Time AFTER THE BELL - Intel rises after earns NEW YORK, April 14 (Reuters) - Shares of Intel Corp. rose in after-hours trading after the semiconductor giant reported quarterly earnings in line with forecasts. Intel, a bellwether for the computer industry, was trading at 76-7/8, up from a 76 Tuesday closing price. The Santa Clara, Calif.-based company said after markets closed that its first-quarter earnings per share were $0.72 with a charge against $1.20 for the same period in 1997. Earnings were $0.81 a share without the charge. A consensus estimate of analysts compiled by First Call had put Intel earnings at $0.72. Intel rose to 79 in later after-hours trade. Analysts said U.S. markets likely would be heartened by the numbers. Ralph Acampora, director of technical research at Prudential Securities, said he did not expect the earnings to block the Dow industrials' rally. Michael Metz, chief investment strategist at CIBC Oppenheimer, said investors believed, ''it's up and away for company earnings after the second quarter.'' Among other active issues, Compaq Computer Corp. (CPQ - news) rose slightly to 26-1/16 from a 25-13/16 close. Seagate Technology Inc. (SEG - news) rose to 28-1/2 from a 26-1/2 close after the disk drive maker reported third-quarter earnings below Wall Street forecasts. Argentine bottler Buenos Aires Embotelladora (BAE - news) continued to be unavailable on the New York Stock Exchange. The exchange said first session trading volume was 566,100 shares compared with 576,200 shares during Monday's session. Session two volume was 1.7 million compared with 1.8 million during Monday's second session. ________________________________________ Best Wishes and GO INTEL:((((((((( Frank