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

To: Ben Antanaitis who wrote (64435)	9/11/1998 8:26:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 186894

What did you expect him to say now that his ML retirement shares have lost 60% of their value since July.

To: Ben Antanaitis who wrote (64435)	9/11/1998 9:00:00 AM
From: herb will	Read Replies (3) \| Respond to of 186894

Ben-----Just a few choice comments from Tom Kurlak as reported which appear to be germane: May 15, 1998 :Kurlak agrees. "The decline into negative territory makes any industry growth in 1998 unlikely," he said. "We continue to forecast a no-growth year, implying still weak earnings in the second half." "The problem is not unit growth, because the demand is there. Revenues aren't growing because of pricing," Perlman said. "The pattern that's emerging is that this is just becoming a seasonal and not a growth business." July 29,1998: Merrill Lynch's Tom. Kurlak voiced concern about semiconductor stocks, citing Intel's (INTC) price cuts and Advanced Micro Devices' (AMD) excess inventory of microprocessors. Kurlak said he saw no reason for investors to accumulate chip issues now, citing an earnings downtrend and seasonally adjustments for the third and fourth quarter estimates. Also, third- and fourth-quarter estimates of industry sales may continue to decline at a rate of 15 to 20 percent vs. last year says Kurlak. Intel shares rose 1/8 to 85 3/4 while AMD's shares fell 1/4 to 16 1/4. 09:04 ET Semiconductor Stocks: Thomas Kurlak of Merrill Lynch is again making negative comments about the sector; sees no evidence that price uptick can be sustained as excess supply of chips still very much in place; continues to recommend that investors stay away from the usual suspects -- Intel (INTC 84 7/16), Herb ''

To: Ben Antanaitis who wrote (64435)	9/11/1998 9:29:00 AM
From: John F. Dowd	Read Replies (1) \| Respond to of 186894

What else could Kurlak say he has to unwind the short position. INTC is miles ahead of the competition. They are bringing asdl to the mother board and that is why they have been talking to COMS. They are going to do very well with the server industry. They are doing very well with the mobil P2 and the high speed low end Celeron (new model). They are going to do OK next qrtr. as well. Kurlak was wrong. he was right last time only because his negativity was a self fulfilling prophecy. he caused the market to jettison INTC. Good Luck JFD