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

To: 16yearcycle who wrote (56378)5/30/1998 12:32:00 PM
From: Roger Smith  Respond to of 186894
 
You are absollutely right. All the big boys knew of this in advance. The street is more worried about Intel not meeting the estimates for the quarter.

My belief is that the stock may rally on Monday (may be 1/2 a point or so) because the street would have been expecting earnings announcement.

In fact this may be a bottom as long as SOX holds. SOX another support at 240 or so. Currently it is at 260.



To: 16yearcycle who wrote (56378)5/30/1998 3:11:00 PM
From: StockMan  Read Replies (1) | Respond to of 186894
 
Eugene,
Re -- After the close, on a Friday for God's sake, Intel finally announces this.

I agree its a PR problem. And intel seems to have this throughout. In fact there was no need to announce this at all. Microsoft has had delay's ad infinitum, but the news was passed on via industry (not financial) analysts via trade magazines.

Stockman


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