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

To: Zanga56 who wrote (56920)	6/3/1998 7:05:00 PM
From: Darren	Respond to of 186894

According to First Call, the consensus second quarter earnings estimate among analysts surveyed is $0.70 a share. I have INTC at $.72 for Q2; I think that came from Zack's (via Yahoo). Based on their Q1 statement, they will earn between $.72 and $.81 for Q2, or $.70 and $.81 for First Call...

To: Zanga56 who wrote (56920)	6/3/1998 7:28:00 PM
From: Maverick	Respond to of 186894

Intel estimates cut by H&Q, stock tumbles SAN FRANCISCO, June 3 (Reuters) - Hambrecht & Quist analyst Rob Chaplinsky cut his second quarter earnings estimates on Intel Corp to $0.65 from $0.69 a share, citing soft PC demand. Chaplinsky also cut his numbers for 1998 to $2.92 from $3.04 a share and cut 1999 estimates to $3.84 a share from $3.93 previously, his office confirmed. Intel shares were off 3-05/16 to 65-15/16 in heavy trading. Traders also said that rumors were rife on Wall Street that Intel would pre-announce after the market closes that it would not meet current expectations for second quarter earnings. Intel officials were not immediately available. Traders said that Intel's shares started to drop after comments about a possible earnings warning today from a Deutsche Morgan Grenfell analyst. Then the H&Q estimate cuts added further fuel to the Intel decline. Intel's shares dropped almost five percent and were the most heavily traded stock on the NASDAQ. Scott Nirenberski, an analyst with Deutsche Morgan, confirmed that he told clients earlier today that Intel could warn of a second quarter shortfall, possibly on Wednesday. "We said it could happen today," Nirenberski said, adding that he has not yet cut his second quarter earnings estimate. "We think there is as much as a $0.10 risk to the $0.70 estimate," Nirenberski said, adding that he is waiting for some guidance from the company before he cuts any numbers. Nirenberski said he is maintaining a buy rating on Intel. "We told people we don't know if it's going to happen, but if you look at where they are in the quarter, you are two months into it," he said. "You have a good idea what people (customers) are going to do for the rest of the quarter." The rumors that Intel would pre-announce a second quarter shortfall have been going around Wall Street for the past two weeks, but they heated up with more intensity on Wednesday.