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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (6171)	10/13/1998 9:09:00 PM
From: TokyoMex	Respond to of 119973

Looks like ,, bad day tomorrow ,, 'We aren't really excited about the stock.' -- North Star Asset Management's David Risgard Silicon Valley: Intel Surprise Party Ends in Tears By Marcy Burstiner Staff Reporter 10/13/98 8:29 PM ET SAN FRANCISCO -- Has Intel (INTC:Nasdaq) forgotten that the bulk of its shareholders expect it to maintain its stranglehold on the chip market? The chip maker presented an earnings surprise of 9 cents a share Tuesday, but offered little of what Wall Street really wanted to hear: Indications of healthy growth in coming quarters and sustained market dominance. "They said revenue growth will only be up slightly," said David Risgard, managing director of North Star Asset Management. "That was a little disappointing. We aren't really excited about the stock." In its third quarter, Intel posted net income of 89 cents a share, or $1.6 billion, on revenue of $6.7 billion. That gave the company a 9% revenue growth over the third quarter of last year. While the profit was just one cent a share over last year's third quarter, it was up 33% from the company's dismal second quarter. Analysts polled by First Call estimated earnings at 80 cents a share, with the whisper numbers at 84 cents a share in recent days. But Risgard and others worry about the coming year. Intel has been losing market share to Advanced Micro Devices (AMD:NYSE) on the low end of the chip market, and, on the high end, it's entering the server and workstation market, where it hasn't yet proven itself. On a conference call to analysts this afternoon, CFO Andy Bryant ducked every question about market share, competition and next year's financial health. Bryant said the ever-quickening turnaround times from PC makers have made it difficult to predict past a quarter. When asked whether revenues in the fourth quarter -- historically, the strongest of the year -- might show the same unexpected growth that the third quarter did, Bryant said, "That's a possibility, but you won't see us stand up and defend any number too strongly." Not quite a rousing forecast. And within the third quarter, Intel gave investors reason to worry. Despite flat net income, its operating income dropped 6% quarter-on-quarter thanks to a 18% rise in operating costs. And the Bryant warned that the company had no easy way to know how it will be affected by the Asian downturn. "We are playing this one day at a time," he said. Intel's stock was trading at 81 1/2 in after-hours trading, more than two points down from its closing price Tuesday, said Martin Joyce of Mr. Stock.com. Intel's stock fell 1 7/8 points to 83 9/16 before the conference call, which took place after the market closed. Some 25 million shares traded hands, an increase over its average daily volume of 17 million shares.

To: TokyoMex who wrote (6171)	10/13/1998 9:20:00 PM
From: baggo	Respond to of 119973

other short ideas: BEARX thought this was interesting SI Inbox (1) \| Folders Bookmarks \| People Hot \| New Subjects Options \| Profile Portfolios: - [Create a New Portfolio] Talk : Coffee Shop : Ask Michael Burke \| Previous \| Next \| Respond \| To: Michael D.Burke (33811 ) From: Michael D.Burke Tuesday, Oct 13 1998 11:54AM ET Reply # of 33860 To all, Good news. Gartner Group, which rarely does anything right, finally hit one in the bull's eye. They came out with an IT Budgets Survey today that estimated that 44% of IT budgets will be spent fixing the Y2K problem in 1999. Although budgets will be flat, a bullish assumption given lower eps, a huge chunk will be diverted to fixing what they already have, not in buying new equipment for operations. This is absolutely disastrous for boxmakers, chip makers, chip equipment and non-Y2K software cos. The impact on the Internet scam stocks is harder for me to figure. If Y2k impacts advertising, it would be a bit more obvious. So, though I am betting that Keane gets an order or two out of this mess, long puts on most tech stocks still looks like the smart way to bet. Good Luck, MB Next Previous \| Previous \| Next \| Respond \| View 2 replies to this message View SubjectMarks Bookmark this Subject Discussion \| People \| MetaCrawler Subject Titles Only Full-Text This Subject Only Send questions and feedback to webmistress@techstocks.com Terms of Use