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

To: MyStoxGoUp who wrote (53983)	4/20/1998 9:40:00 PM
From: Ibexx	Respond to of 186894

IBM was up in after hours trading, in contrast to INTC. However, there were only a few thousand shares of INTC traded in these sessions, thus I wouldn't attach too much significance to it. Ibexx

To: MyStoxGoUp who wrote (53983)	4/20/1998 11:36:00 PM
From: Chris Vu	Respond to of 186894

Intel's annual analyst conference in New York on Tuesday. This year's conference is Grove's last public appearances as Intel's CEO. There is an article in the Street.com that I believe is upbeat about Intel. thestreet.com Partial excerpt from article By Eric Moskowitz, Staff Reporter, 04/20/98 4:43 PM ET: Random musings: Robbie Stephens' Niles -- seeing last week's Ax feature on the Intel faceoff between Morgan Stanley's Mark Edelstone and Merrill Lynch's Thomas Kurlak -- has thrown his hat into the ring. "This is going to be fun, Mark and I on one side, and Kurlak on the other," says Niles, who upgraded Intel from a long-term attractive to a strong buy after the company reported better-than-expected earnings last week. "This is the kind of thing analysts live for." While Niles and Edelstone bought management's post-earnings argument that it would turn things around in the second half and upgraded the chip maker, Kurlak didn't. Kurlak lowered his long-term rating on Intel from a buy to accumulate and created a stir on an internal conference call when he suggested the stock could fall to the low 60s. After CNBC flashed a graphic that "Kurlak Expects Intel to Dive to $60" late in Wednesday's trading day, the stock promptly fell almost three points in 25 minutes. "Kurlak is a very good analyst who has the biggest retail distribution outlet on the planet," says Niles. "When they hit the phones, they can overpower anything else being said that day on a stock." Niles, who was profiled by TSC last week for his prescient calls on Compaq (CPQ:NYSE), says he believes Intel has been telling the truth about how its problems will be solved by its third quarter ending in September.