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

To: Mary Cluney who wrote (53789)	4/17/1998 3:05:00 PM
From: xstuckey	Read Replies (2) \| Respond to of 186894

"He reversed the upward momentum and drove the price of the stock down - " Hi Mary, Among those I read, the consensus was that a successful Intel earnings report would drive the price at least several points higher than the recent high of 79 5/8. In spite of favorable earnings interpretation by CNBC Tuesday evening (many thought the First Call $.72 included the 9 cent charge), Intel's price Wednesday morning never exceeded 79 1/4, and it was trading below 77 shortly after 10:30. At that time IMO the upward earnings momentum was over! There is no question Kurlak's 3:30 remarks accelerated the decline, but to suggest it broke the upward momentum is probably an overstatement. Best Trading, X