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To: Oeconomicus who wrote (3024)	4/14/1998 5:49:00 PM
From: H James Morris	Respond to of 164684

Well as most of know by now Intel released earnings. .81c vs .72 estimates. I've been watching Cnbc since and I love how they report. First, Cnbc brings in the bears. Woe, intel warns of a slow down going forward, cut back in jobs, margins going down and general concern for the next couple of qtrs. Cnbc then brings on the bulls (which bought Intel, just before the close). The bulls say 'YES' Intel made .81c vs estimates of .72c. The only problem going forward is Intel has chosen to sell Cadillacs, when the consumer wants VW's!! Thats only Intels problem and we are sure they will fix that. Cnbc asks ' are you sure that your bullishness needs more caution' and the bulls respond, 'look at instanet, Intel is up 3 points' Thats it, I'm done, no more short's, and I'll never do another 30-60 day put, until reality sets in, and that might not happen until 1929.

To: Oeconomicus who wrote (3024)	4/14/1998 5:51:00 PM
From: cellhigh	Read Replies (1) \| Respond to of 164684

not sure i made a good move trading amzn for intc..man these nets are tough to call...tom. will tell.

To: Oeconomicus who wrote (3024)	4/14/1998 6:12:00 PM
From: Tom D	Respond to of 164684

I don't know the whisper numbers. If you want my guess, based on what I can excavate from the neural jungles of my mind, I'd guess that the whisper numbers would call for Q1 98 to be better than Q4 97. In other words, despite the "official" lowball estimates, if Q1 revs don't exceed Q4 97, Candlestick will soon be a happy, wealthy man. It will take about $80M in revs for Q1 to make me guess that they are really growing well. I seem to recall Q3 97 being something like $37 M in revs. If we exclude Q4 because of the holidays, $80M in revenues would mean an annualized revenue growth rate of 200%. This should get us a P/E of 200, resulting in a share price of -$200 per share in 1998. Whoops, we don't have to make money, we're an internet stock. We'll just get rich on a lot of revenue growth. How does a P/S ratio of 200 sound? That would be a market cap of about $16B, for a share price of $800. Best Regards, Tom D The Wall Street Mantra: Don't forget Never bet 'gainst the 'net.