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

To: The Vinman who wrote (57044)	6/3/1998 11:56:00 PM
From: Charles Skeen	Read Replies (1) \| Respond to of 186894

WSJ Leading Article: Intel Shares Fall on Growing Worries About PC Market, Future Earnings Excerpt from main article in the Interactive Edition. The industry -- and Intel in particular -- is being squeezed by forces that include the unprecedented rise of sub-$1,000 PCs, weak economic conditions in Asia and the lingering effects of a chip buildup at major PC makers in the first quarter. Robert Chaplinsky, a Hambrecht & Quist analyst who cut his earnings estimates Wednesday, said he believes U.S. retail sales of PCs were disappointing in the first two months of the second quarter and that sales in Europe are also beginning to show seasonal softness. "With this worse-than-expected and weakening environment, we don't believe Intel will be able to turn the amount of business in the final month of the quarter to meet our microprocessor revenue estimates," said Mr. Chaplinsky in a report that helped to trigger the Intel sell-off. He cut his second-quarter profit estimate to 65 cents a diluted share from 69 cents, and his 1998 estimate to $2.92 a share from $3.04 a share. Intel's approaching price cuts, which weren't expected, were seen as a particularly troubling sign that even the company's most sought-after products are selling slowly. Not a pretty picture, but is the current bearishness overdone? Subscribers see: update.wsj.com Charlie.

To: The Vinman who wrote (57044)	6/4/1998 12:52:00 AM
From: Night Writer	Respond to of 186894

Vinman, I remember you shorting CPQ at about 33. Good call. Did you close your short on CPQ today. If not better jump on it tomorrow. It got some good reports today and the FTC approval came through tonight. NW