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

To: Edward F. Aboufadel who wrote (60124)	7/14/1998 4:50:00 PM
From: Jimbo Cobb	Respond to of 186894

INTC always closes options week dead-on the closest strike price. Right now that looks like $80, although it could be $75 or $85 by then.

To: Edward F. Aboufadel who wrote (60124)	7/14/1998 4:52:00 PM
From: Joey Smith	Read Replies (1) \| Respond to of 186894

All, although not great, this report indicates that a bottom was reached in Q2, and earnings/revenue/margins get better from here on out...maybe that's all the market wants to hear. joey

To: Edward F. Aboufadel who wrote (60124)	7/14/1998 4:52:00 PM
From: G.Gordon	Respond to of 186894

we hit 81 almost 82 in after hours for a little while now trading as of 16:37 at 80 even

To: Edward F. Aboufadel who wrote (60124)	7/14/1998 4:53:00 PM
From: Darren	Read Replies (2) \| Respond to of 186894

Trading range: A little history. In Q1, INTC beat estimates and closed at 77. Traded up 2-3 the night after, and then went down to 72 before beginning it's run to 95. We could see much the same pattern because this is the worst quarter of the year, and they may be able to get back to 0.91 by the 4Q.

To: Edward F. Aboufadel who wrote (60124)	7/14/1998 4:57:00 PM
From: Logos	Read Replies (2) \| Respond to of 186894

RE: <<After first falling to 79, INTC at 4:34 traded at 80 1/4>> Even weirder, Intel was just upgraded by Volpe Brown. That I just don't understand. For Q1, a lot of people thought Intel would miss and instead it beat (lowered) expectations. Next day it rose for a few hours then dropped like a rock. Now, everyone expected Intel to beat the (again lowered) expectations. Instead, Intel misses, and it's being upgraded and may be stabilizing in after hours trading. Well, the results were not horrible or anything, but they weren't pretty either. I doubt it will rise tomorrow, but then again, the market seems to be in a period of exuberance which I, at least, find rather irrational. We'll see pretty soon. Logos