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To: Larry J. who wrote (44526)	4/15/1998 8:22:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 61433

Merrill's Kurlak says Intel could hit $60--CNBC Reuters Story - April 15, 1998 15:46 %ELI %ENT %US %RCH %HOT INTC V%REUTER P%RTR NEW YORK, April 15 (Reuters) - Merrill Lynch semiconductor analyst Thomas Kurlak told clients on Wednesday shares of Intel Corp. could fall to $60, according to business cable television station CNBC. Kurlak, a prominent Wall Street analyst, was not immediately available to comment on the report. The stock ended down 1-1/8 to 74-7/8 after hitting an intraday high of 79-1/8. Earlier on Wednesday, Kurlak downgraded Intel to a long-term accumulate from buy after the company reported first quarter earnings of $0.72 per share, including charges, compared to $1.10 per share in the year-ago quarter. "Clearly Intel is struggling and cannot seem to restart revenue growth despite aggressive price cutting and new product introductions," Kurlak said in a research note. His office said Kurlak saw "additional downside" for Intel shares but declined to give a specific target.

To: Larry J. who wrote (44526)	4/15/1998 8:24:00 PM
From: Mark Duper	Respond to of 61433

<Apple blew it away, but RDRT, and VLSI missed. ALTR was in line but looks to be trading lower after hours. Which techs will determine overall direction?? Reversal of INTC late is not a particularly bullish sign for the rally to continue, and IMO tomorrow techs / Nasdaq will be lower. > 1. Pre-runup for Microsoft's Fri. earnings announcement. 2. Everyone knew RDRT wasn't going to be close. 3. Apples back in favor. I think Nadaq has 25 more points this week.