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

To: dper who wrote (66616)	10/14/1998 11:39:00 AM
From: KM	Respond to of 186894

Kurlak had 80 cents for this quarter. From yesterday's article on Intel earnings from Street.com (free): Others are more in line with the respected Merrill Lynch analyst Thomas Kurlak, the most bearish analyst on the chip sector, whose views have pressured Intel's stock price this year. On Sept. 15, Kurlak revised his third-quarter outlook to 80 cents a share from 69 cents. Despite this revision, Kurlak, whose firm has no underwriting relationship with Intel, sticks by his neutral rating because he expects average chip prices to fall in coming quarters. While he has upped his 1998 earnings forecast to $3 a share from $2.78 a share, he expects 1999 earnings to fall to $2.90. "Our expectation is for more sluggishness in 1999 and a dull stock," he wrote. Unless Intel execs offer some encouraging words to counter such a lackluster forecast, they may be as disappointed in Wall Street's reaction as Wall Street is likely to be disappointed in Intel. <Picture> <Picture>