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

To: Ron Burns who wrote (53492)	4/15/1998 7:47:00 PM
From: Maverick	Respond to of 186894

NEW YORK, April 15 (Reuters) - Merrill Lynch said on Wednesday it lowered its long-term rating on shares of Intel Corp. to accumulate from buy while maintaining its near-term neutral rating on the stock. -- First quarter sales and earnings fell from the fourth quarter and the first quarter of last year, though levels for both were slightly above the company's recently lowered forecast and Merrill's estimates, analyst Thomas Kurlak said in a research note. -- Second quarter management forecast calls for flat or down sales versus first quarter and a lower gross margin, implying another sequential and year-to-year earnings decline. -- "Clearly Intel is struggling and cannot seem to restart revenue growth despite aggressive price cutting and introduction of new products," he said. -- Of particular note in the quarter was the fact that over half the revenue came from Pentium II but to no avail, he said. -- "The gross margin stands 10 points below where it was a year ago and total revenues are down seven percent while inventories are up 32 percent," he said.

To: Ron Burns who wrote (53492)	4/15/1998 8:33:00 PM
From: joe smith	Respond to of 186894

its his job to call them as he sees them. he is rare in that he has a negative opinion from time to time as opposed to 99% of analysts that always paint a green picture. dont disregard what he says because it is different from your thinking. look at the last 5 qtrs. add next one and you have a year and a half of stagnation. i have no position in intel. js

To: Ron Burns who wrote (53492)	4/15/1998 11:12:00 PM
From: Lazlo Pierce	Read Replies (2) \| Respond to of 186894

Ron <<I also am amazed that Merrill Lynch lets this guy say this quarter after quarter. One would think that Merrill Lynch has a couple customers who own INTEL>> **************************** First, and foremost, he has been RIGHT about Intel ever since he downgraded it last summer. Kurlak can cause a short term movement in a stock. Then it moves on its own fundementals. Intel's fundementals over the last year have not been good. A couple of warnings and another outright miss. Also, did you mind when he consistantly was out pounding the table on the upside for a few years? Dave