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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (17078)	7/14/1998 5:54:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69349

Hi Clint, I looks like there was selective profit taking today after 5 up days on the NASDAQ. It still managed to finish in positive territory though. I haven't had a chance to look at the trading at the last hour but the miss by Intel might accelerate the profit taking tommorrow. >Intel Corp. (INTC) 80 11/16 -1 11/16: chip maker posts >a Q2 net of $0.66 a share, two > cents below the First Call estimate, vs >year-ago net of $0.92 a share; revenues fall 2% to $5.9 > bln; sees Q3 revenues flat to slightly higher >sequentially; sees full year gross margin at 52%; >sees Q3 gross margin up a couple of points from >Q2 level of 49%; stock trading 1 11/16 pts >lower on Instinet; see press release.. Rambus might be worth a short position tommorrow as it is so closely tied to Intel and microprocessor demand. >RMBS reports in line Q3 net of $0.07 a >share vs yr-ago earnings of $0.02; I was not impressed with the AFCI conference call. It does not look like they have a good sales team for the RFP to the RBOC's. China is still an unknown with a bias against AFCI products. A number of product delays out to early 1999.There is continuing margin pressure from customers and competitors. >Advanced Fibre Communications (AFCI) >25 7/16 +1 5/16: telecommunications equipment >maker reports Q2 net of $0.09 a share, >a penny above the First Call mean estimate. AFCI >earned $0.10 in the yr-ago period; ... Harry