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To: stock bull who wrote (45404)	5/29/1998 9:48:00 PM
From: Mr. Aloha	Read Replies (2) \| Respond to of 176387

This is added fuel for the fire. Take all the negatives and compare them to the positives (if you can find them) and you'll find the sellers and buyers. This is a bear tech market, we can talk until we're blue in the face. People are looking for an August rally. We've got 60 days of crap to get through. :-) Aloha

To: stock bull who wrote (45404)	5/30/1998 1:17:00 AM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 176387

I don't think that Intel's announcement regarding a delay in the release of Merced will impact the overall tech sector. In fact, this may be a good opportunity to start buying Intel. The major impact on the tech sector is the forecast for slower earnings growth. There has been a lot of bad news for the PC companies during the last two days: Intel delay on Merced, Packard Bell $699 PC, Intel responding to new K6-3D chip with lower prices, pending antitrust attack on Intel, and Intel layoffs, not to mention the general market pullback. I think it will take at least "a couple of more days" for the market to accommodate this string of negative news and push Intel and the PC stocks higher. It may be hard for even the best of companies to swim upstream in a torrent of declining earnings. The next excuse for optimism may be the completion of the DEC acquisition by Compaq--but I don't think that pop will last more than a few days. In any case, I sure wouldn't buy INTC on Monday morning.