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

To: Paul Engel who wrote (58672)	6/24/1998 3:33:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 186894

Shorts better cover...Intel is super cheap when compared to other big-tech names....Intel business is picking up... joey Tech stocks resume rally Intel expected to meet estimates By Binti T. Harvey, CBS MarketWatch Last Update: 02:30 PM June 24, 1998 Index of top news NEW YORK (CBS.MW) -- Semiconductor shares drove technology stocks higher Wednesday afternoon amid growing confidence Intel will meet second-quarter earnings estimates. The Pacific Stock Exchange Technology Index gained 1 percent while the Morgan Stanley Technology Index rose 0.7 percent The Philadelphia Semiconductor Index rose 1.1 percent, the Goldman Sachs Computer Hardware Index rose 0.3 percent and the Computer Software Index gained 0.6 percent. The Amex Internet Index surged 1.6 percent. Meanwhile, the tech-heavy Nasdaq Composite added 13 points to 1857 while the Dow Jones Industrial Average fell 19 to 8808. See Market Snapshot. Yen dips, international markets rise Tokyo stock prices rebounded moderately in sluggish trading Wednesday as the market awaited details of government steps to revive the economy. The dollar rose sharply against the yen. The 225-issue Nikkei Stock Average gained 68.58 points, or 0.46 percent, closing at 15,123.18. Elsewhere, Hong Kong's Hang Seng index rose 0.94 percent. In Europe, London's FT-SE 100 index rose 0.27 percent while Germany's DAX gained 1.07 percent. See World Markets. Large-cap technology issues lost steam after taking off in previous sessions. Microsoft (MSFT) gained 1 7/8 to 102 5/8, Dell (DELL) rose 5/8 to 93 3/4 Cisco (CSCO) rose 1 3/8 to 88 1/4. Bullish on Intel Bullish comments from BancAmerica Roberston Stephens helped lift Intel (INTC) 1 to 76 1/4. Analyst Dan Niles doesn't expect Intel to issue an earnings warning for its second quarter because business has picked up this month. Niles believes the company will meet or beat the consensus estimate of 68 cents, and reiterated his strong buy and $100 price target. Niles said demand has accelerated for Intel products since the June 7 price cuts, leading to temporary tightness in markets for high-end and low-end products. Elsewhere, semiconductor issues were mostly higher. Texas Instruments (TXN) rose 1 1/8 to 59 3/8, Broadcom (BRCM) gained 7 5/8 to 66 1/8 and Rambus (RMBS) gained 4 1/2 to 62, stretching its rally into a third session. Among computer manufacturers, IBM (IBM) edged down 1/8 to 111 5/8, Hewlett-Packard (HWP) rose 1/2 to 59 3/4 and Gateway (GTW) fell 3/4 to 47 1/8. After a brief rest earlier in the session, Internet stocks resumed their climb. Amazon.com (AMZN) rose 3 1/4 to 96, Yahoo! (YHOO) gained 1 1/2 to 149 5/8, CD Now (CDNW) rose 1 7/8 to 20 3/4 and Mindspring (MSPG) added 1 1/4 to 79 5/8. AT&T-TCI AT&T (T) fell 3 7/8 to 61 1/2 after it said it will purchase cable provider Telecommunications Inc. (TCOMA) for $48 billion in stock and assumed debt. See full story Providers of cable and telephony equipment received a boost from the deal including Lucent (LU), up 2 3/4 at 81 1/4, ADC Telecommunications (ADCT), up 2 7/8 at 35 1/2, Tellabs (TLAB), up 2 1/8 at 71 1/2 and Motorola (MOT), up 1 1/2 at 53 1/2. Goldman Sachs analyst Mary Henry said these companies will benefit because AT&T will have to accelerate spending on cable plant and network upgrades to integrate TCI into its business. Tech movers Wind River Systems (WIND) shares jumped 5 1/8 to 36 1/4 after a pair of investment banks raised their ratings on the company. See Software Report Shares of Qualcomm Inc. (QCOM) surged 3 1/8 to 54 3/4 on an upgrade from Bankers Trust Alex. Brown. See Tech Report

To: Paul Engel who wrote (58672)	6/24/1998 3:58:00 PM
From: gnuman	Read Replies (1) \| Respond to of 186894

Paul, re: "By the way - are you afraid of a little marketing?" You really are something else, at times. ;-) As you well know from our private e-mails, I've spent a lot of time in sales and marketing. So, no, I'm not afraid of a little marketing. My statement that I assumed Intel was somehow involved in the CompUSA promo meant that I thought Intel was part of this "marketing" campaign, which is certainly fine. My question to the thread was simply, (paraphrasing), does anyone think this is an indicator that Celeron is meeting low acceptance? So far all of the responders think no. I don't know the answer. You, of course, will think that I think I do. I also stated I thought maybe CompUSA was using the Win98 intro to unload slow moving inventory. No hidden meaning there, it's a pretty clear statement. You didn't respond to the query, other than to ask "was I afraid of a little marketing." I'm not the Intel fanatic you appear to be, just trying to figure out if I should sell or buy more. BTW, you should love the Mike Murphy article referenced above. He has Intel going to $120 next year. Isn't he the guy you derided some time back? I'm sure you agree he's brilliant now. ;-)