Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dale J. who wrote (66338)	10/13/1998 1:16:00 PM
From: Glenn D. Rudolph	Respond to of 186894

INTC: PIPER JAFFRAY increased estimate for fiscal year ending 12/98 from $3.13 to $3.23 on 10/09/98 INTC: PIPER JAFFRAY increased estimate for quarter ending 09/98 from $0.80 to $0.84 on 10/09/98 INTC: PIPER JAFFRAY increased estimate for quarter ending 12/98 from $0.86 to $0.92 on 10/09/98

To: Dale J. who wrote (66338)	10/13/1998 1:17:00 PM
From: yousef hashmi	Read Replies (2) \| Respond to of 186894

DOW JONES 90-DAY NEWS/RETRIEVAL Int'l News & Research Services Sequence Number : 4026 Story Date : 98/10/13 1 12:53 T =Intel 3Q Earnings Expected To Beat Wall Street Views >INTC By Christopher Grimes NEW YORK (Dow Jones)--Wall Street is looking for Intel Corp. (INTC) to beat official estimates when it reports third-quarter earnings Tuesday afternoon. The printed estimate for Intel's third quarter is 80 cents a share, according to First Call Corp. But the "whisper number" is about 84 cents a share, analysts said. The whisper number is a last-minute guess that circulates on Wall Street before an earnings announcement; it's usually the standard that determines how the stock will trade after a report is released. "Many investors are likely be disappointed unless they earn 83 or 84" cents a share, said Drew Peck, an analyst at Cowen & Co. But, he added that "the ultimate impact on the stock will be their comments on the outlook for the fourth quarter." Intel surprised investors Sept. 10 when it announced that third-quarter revenue would come in ahead of expectations. The company said sales would rise 8% to 10% from the second quarter, when revenue totalled $5.93 billion. That would put revenue in the range of $6.37 billion to $6.49 billion, up slightly from the $6.16 billion in the third quarter a year ago. Intel tends to be conservative when it makes such announcements, giving Wall Street more confidence that the company will exceed the forecast, said Donaldson Lufkin & Jenrette Securities Corp. analyst Charles Boucher. Further, "the quarter closed on a strengthening note," he said. Analysts said the company appears more sure-footed now than it has in at least a year, when the sub-$1,000 PC began to threaten its command of the computer chip market. Intel has lost market share in the low-end consumer market and its sales growth has slowed, but there is a sense that the company is dealing more effectively with the changes in the market. "I think the company is feeling more confident with its outlook and its product roadmap than in the last year or 18 months," Boucher said. " They obviously struggled with the transition in the consumer marketplace to lower-cost PCs." The company now has a more viable low-cost chip in the revamped Celeron, and its Xeon chips for technical computers are bringing in higher profit margins, analysts said. " Having been in denial over the (low-priced PC) segment for the better part of a year, they've adjusted to that change," Boucher said. " To see an organization the size of Intel make those adjustments on the fly is impressive." On a down day on Wall Street, Intel shares were off 2, or 2.3%, to 83 7/16 in midday trading Tuesday. The company is expected to release its earnings report around 4:15 p.m. EDT. -Christopher Grimes; 201-938-5253 (END) DOW JONES NEWS 10-13-98 12:53 PM