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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (25257)	10/13/1998 5:47:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 70976

Ian, >>>I believe INTC's 1998 year ends in December, so the $300K reduction applies to the last 4 months as well as the next 2. I suspect that it was already well understood by the street." FYI, Intel's 1998 year does end at the end of December. Also, make that $300 Million, not $300K reduction. Typo, I'm sure, right? Tony

To: Ian@SI who wrote (25257)	10/13/1998 5:50:00 PM
From: Fortinwit	Read Replies (1) \| Respond to of 70976

Ian, all: General comments: Intel Corp --UPDATE-- as of 16:36 ET, issue down 1 1/2 pts lower in after-hours trading; see press release.... (briefing.com)... Sell the news should not be a surprise... Jacob: your call on the NVLS puts was dead-on from a TA perspective, and you nailed the reasons why earlier today. Buying puts into yesterday's rally took guts, and was the right call, well done! People should be holding NVLS' feet to the fire over their refusal to divulge important information such as current quarter bookings. Herb G nailed it too this morning. Consider that in an Oct. 9 earnings preview, Goldman Sachs estimated $100 million of revenues and orders of $115 million. The actual number: $106 million, with a book-to-bill ratio (the amount of orders booked to those actually billed) of less than one, "implying orders of less than $106 million, substantially lower than expected, with worse implications for the future," says one skeptical money manager. (from street.com) This kind of nonsense is aggravating... and if I were long, I'd be on the line to IR... F. (LRCX was a gimme...) (KLIC puts tomorrow on INTC reduced capex...)