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

To: Maxwell who wrote (60324)	7/15/1998 12:47:00 AM
From: John O'Neill	Respond to of 186894

>>I have feeling the MM is going to drive Intel down after the earning and would pick it up again before the earnings of Q3. Earnings is good but Kurlak is going to drive this down to or below $75 by Friday.<< This is the way I view it also. I still think the real serious problems for INTC are not due to the company but the market as a whole. I see problems for the big caps after first real experience liquidity problems and failure of market to be the "buy on dips deal" I know the "boomers" are pumping $$in, but the market cap is about 5 trillion $$ & you have to pump a lot if a trillion or so comes off the table. IMHO, I think KO is a good example of overvaluation .It's a great company, but it's dividend is 0.6 % and sells at over 54 P/E...institutions and money managers feel safe there because they can always exit large sums of $$ quickly...or so they think. The party goes on, even as earnings decline....to think INTC made estimates is "really something" when one considers analysts just droped their estimates so INTC could make em. Bottom line. EPS down 29% comapred to year ago and down sequentially to boot from Q1...and remember you need to add in the 9 cent charge deducted from Q1 EPS to compare operating earnings to Q2. JO