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

To: Joey Smith who wrote (56894)	6/3/1998 6:01:00 PM
From: Darren	Respond to of 186894

Prediction: INTC will beat their estimate by $.03. Quarter is not over, but earnings have been lowered so much this year that they will do fine... Looks like H&Q was looking for a buying opportunity...

To: Joey Smith who wrote (56894)	6/3/1998 6:10:00 PM
From: P.T.Burnem	Respond to of 186894

"At this point, I can say that we do not have anything planned for today" said Intel spokesman Howard High OK, but what about tomorrow? It's been reported that Intel is selling PII's well below wholesale. I can't imagine them making the numbers this quarter. If Intel does not pre-announce, it'll be hit with shareholders' lawsuits. On the other hand, with x86 prices spiraling downward, Intel may be reluctant to pre-announce early lest they may have to do it again in early July.

To: Joey Smith who wrote (56894)	6/3/1998 7:37:00 PM
From: Steve Porter	Respond to of 186894

Joey, And I would warn you not to get too comfortable with the idea of Intel missing by a couple of $0.01. If Intel doesn't come in $.05 above the estimates we will see another big sell off like at the last earnings. The street comes to expect at least a nickle over whatever the estimate is. For Intel that bar may be even higher. More importantly if Intel misses by a couple of $0.01 then all hell could really break loose. Numerous sources are talking about slow downs for the rest of this year and part of next year. Intel can't escape the entire industry downturn. If this Q's CC is anything but "the world is great and we will make twice as much money next quarter as we did for the last 5 years" then this stock is going in the crapper (for now at least). The market in gerenal is WAY over-valude. Intel is trading at what 12-14x earnings (I think, but the number is irrelevant). If Intel says Q3 will be flat and q4 slightly up, intel will trade at 6-8x earnings. Steve