Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Home-Run who wrote (55856)	5/20/1998 1:13:00 PM
From: Time Traveler	Respond to of 186894

Q: Anyone knows the reason why INTC is taking a beating today? The guys responsible to buy back shares are all down there partying at the shareholders' meeting. No one left is fending off the ruthless on-slaught by analysts. Time Traveler

To: Home-Run who wrote (55856)	5/20/1998 1:15:00 PM
From: Diamond Jim	Read Replies (1) \| Respond to of 186894

Anyone knows the reason why INTC is taking a beating today ?? == Down to 76 1/2, beating is right. Its retreated all the way back to where it was 1 year ago. jim

To: Home-Run who wrote (55856)	5/20/1998 1:18:00 PM
From: Jacob Snyder	Respond to of 186894

merced trader: here's why: May 20, 1998<Picture: [Tech Wire]> <Picture> Dow Jones Newswires Analog Devices Off 15% On Weak 2Q Net, 3Q Forecast Dow Jones Newswires NEW YORK -- Shares of Analog Devices (ADI) plunged nearly 19% Tuesday after the chip maker reported lower-than expected fiscal second-quarter earnings and said it expects third-quarter results to be flat sequentially. The Norwood, Mass., company posted net income of 28 cents a diluted share for the second quarter ended May 2, compared with 25 cents a year earlier and a First Call consensus estimate of 32 cents. Revenue increased to $333.1 million from $300.8 million in second quarter 1997. Due to "the uncertain near-term outlook for the semiconductor market," third-quarter revenue and earnings should be flat with or slightly higher than the second quarter, Analog Devices said. The company sees some improvement in the fourth quarter. Analog Devices, which had hit a 52-week high of 39 5/8 on April 30, was recently trading at 27 3/8, down 6 3/8 or 18.9% on volume of 4 million shares, compared with a daily average of 1.1 million.