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

To: Ibexx who wrote (56579)	6/1/1998 9:53:00 PM
From: Maverick	Read Replies (2) \| Respond to of 186894

INTC vaccilate among yield, PM, verification problems. It sounds more like design or architecture problem.

To: Ibexx who wrote (56579)	6/1/1998 9:54:00 PM
From: Maverick	Read Replies (1) \| Respond to of 186894

The month of May was not a good one for the chip industry, as the group fell 12%. Come to think of it, March and April weren't much better... In fact, over the past three months the S&P Semiconductor group has plunged 17.5%... By comparison, the S&P 500 rose 4% over the same period. Factors contributing to the industry's lousy relative performance included: Asian contagion. Slowing demand from PC sector due to that industry's inventory woes. Trend toward lower priced PCs. Paradigm shift away from processor speed toward increased bandwidth. Soft memory prices. Stiff price competition on all fronts. Over capacity Deteriorating margins. Unfortunately for the chip sector, the outlook for the next two to three quarters isn't much brighter... Most of the aforementioned problems remain in place, and could even get worse... Consequently, earnings prospects will remain in question well beyond the market's original expectations... Though the group has come down sharply over the past few months valuations are not yet compelling enough to prompt bargain hunting on the part of value investors... Until industry conditions begin to improve or the group has been marked down at least another 5%-10%, we recommend staying away. From Briefing.com