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

To: Jules B. Garfunkel who wrote (67035)	10/19/1998 10:19:00 AM
From: Burt Masnick	Respond to of 186894

Many here have asked why Intel's price has not moved higher. While the answer to that question is clouded by dozens of external factors (the mini-bear market, Asia troubles, Washington impeachment follies, etc) there are two factors that are pretty direct: 1 - Merrill Lynch has been uniformly negative - Arguably the worlds largest retail brokerage has maintained an unending drumbeat of negativity on the stock. It has been sustained, reiterated ad nauseum and widely reported each time. That does not bring more buyers to the table and drives long termers to defect and short termers to avoid or short. 2 - Profit growth was flat (or worse) for a while (but that may be in the past). AMD has had an effect on Intel (let alone a disastrous effect on AMD).

To: Jules B. Garfunkel who wrote (67035)	10/19/1998 2:35:00 PM
From: Paul Engel	Read Replies (4) \| Respond to of 186894

Jules - Re: "why does Kurlak ignor Intel's guidance, disregard Intel's answers to his direct questions, and not acknowledge that he has been dead wrong on his 2H98 earnings estimates?" Kurlak works for Merrill Lynch. Merrill Lynch has invested money/loaned money to Long Term Capital Management and possibly other Hedge Funds. Merrill Lynch's management has personally invested in Long Term Capital Management. There is a strong possibility that Long Term capital would benefit from a significant DROP in Intel's stock price - a drop that hasn't occurred. I suggest a look at all of Long Term Capital's investments may hold the key to why Kurlak has done/said what he has. Also, Merrill has a vested interest in getting their clients to CHURN Intel stock - to help offset their Long Term Capital LOSSES with commission expenses from their "loyal" and duped clients. Or else Kurlak's stupid. Paul

To: Jules B. Garfunkel who wrote (67035)	10/19/1998 2:53:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Jules & Intel Investors - A clue wahy MicroSoft was so Helpful to AMD in re-writing DirectX software for the 3D NOW chip - From Bill Gates Testimony - dailynews.yahoo.com "A Feb. 20, 1997 memo by Gates recounted the possibility of offering a tit-for-tat to leading chip maker Intel Corp. (INTC - news). Gates said Microsoft would agree to reject overtures for assistance from Intel rival AMD if Intel would refuse to help Sun make Java run better." It would appear Gates offered to NOT HELP AMD in return for Intel refusing to support Java Development with Sun. Intel clearly told Gates - No Deal. So Gates went to AMD and said - "How can we help you "? Paul

To: Jules B. Garfunkel who wrote (67035)	10/21/1998 6:19:00 PM
From: Tony Viola	Respond to of 186894

Jules and all other Kurlak observers, maybe the tide is beginning to turn. Check out this article, which also has an opinion on some others, which is the guy's job, I guess: fabmktbabe.com The Fabulous Market Babe Street Slam 10/19/98 And the Award Goes To... No doubt about it. Over the last week we have witnessed a LARGE number of instances and events that, quite frankly, do not place corporate America and the Street in the most favorable light. Which is why I have decided to issue a number of awards to these dubious events and individuals that, given the resulting actions, deserve to be highlighted and remembered, as opposed to performing an automatic memory dump with the new week. So here we go... (Is that a drum roll I hear in the background, courtesy of one of my fabulous readers?) I thought so. The Fabulous Market Babe's Awards of the Week Award #1 -- The "Where Is the SEC On This One??!!"Award And recipient of this award could only be... The management of BankAmerica/NationsBank!! As a quick recap, you might remember that early last week during the course of its earnings report, management "disclosed" that it was reporting a $372 mm write-off due to its joint venture with the D.E. Shaw hedge fund. Of course, a small "problem" was revealed, given management was forced to admit that it had been aware of its total exposure of over $1 billion back in AUGUST and the subsequent losses, yet didn't bother reporting this minor issue to its shareholders that were in the process of approving a MERGER with NationsBank. Solution: Whether or not you are involved in the stock, make the SEC aware of your opinions. They, like any other government agency, tend to sit up and actually act when the public reveals how hacked it is to crap like this. Award #2 -- The "I'm a Biased and Jaded (Unmentionable Word) Who Doesn't Give a Crap About the Investors I (Laughingly) Serve" Award And the award goes to... Tom Kurlak of Merrill Lynch!! (Hmm...something tells me he won't be receiving this one in person). And the attention to Tom this time would be due to... None other than Tom's amazing silence in light of INTC's earnings report, which, you might remember, stunned the Street with the magnitude of its upside surprise, not to mention the company's healthy guidance going forward. Translation: The function of an analyst is to pick those stocks that are deemed to have the best growth prospects within the group that the analyst follows. And, applying this to Tom's case, even if Tom does favor more special situation type names within the group, one can only wonder why Tom continues to fail at admitting that the more promising cyclical companies within this very group, and its leader (otherwise known as INTC) are coming back from the dead. In a big way. Solution: Tune Tommy out. Award #3 -- The "I Represent A Firm That Is Too Arrogant, Too Used To Having A Stronghold On the Industry; To Recognize the Validity Of A Permanent Trend" Award And the award goes to... John Steffens, Vice-Chairman of Merrill Lynch. You might remember that Merrill, under the direction of John Steffens, has heralded itself as the "sane" option in the world of investing, by allowing its clients to pay $200 per trade on decisions that these very clients could easily make themselves. Not to mention that competitors, as exemplified by ETrade among others, allow for Merrill's clients to have a proliferation of information at their fingertips. Something that these same individuals, after familiarizing themselves with this information and corresponding products/services, will find meets or even exceeds what Merrill has to offer. At a significantly cheaper price. Solution: Hey John, get on the ETrade site (that is, once someone from the technology department not only demonstrates to you how to get on the Internet, but how to also use that eyesore of a plastic box on your desk) and compare the services of what you have to offer to those of E*Trade. Now repeat the following after me: Merrill is lacking = demise of your business. Award #4 -- The "Where Does the Flash of Brilliance Come From ?"Award And the award goes to... Byron Wien of Morgan Stanley, given his "reversal" the morning after the Fed decision from a negative stance on the market to a "positive" one. Enough said. (Oh and by the way Byron, if you happen to be reading this, do us all a favor and take $20 out of that eight figure salary of yours and clear up that horrifying skin problem.) And on that happy thought, I must conclude the awards presentation. But never to fear, there will be more.