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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (8707)	11/19/1998 3:42:00 PM
From: Skeeter Bug	Respond to of 42834

kirk, you are wise, very wise to pick your entry correctly. that alone covers many sins. intel's price is very high and i'm not convinced the fundamentals justify it. i expect flat yty results with a lot of y2k uncertainty in 1999 and 2000. worst case: all it dough goes to software and nobody buys any boxes and limited hardware. i'm not convinced it will be that bad, though. i did hear on the radio where 3/4 of companies have a y2k plan while only 1/5 have a budget.

To: Kirk © who wrote (8707)	11/19/1998 6:52:00 PM
From: Diamond Jim	Respond to of 42834

"Intel is getting pretty wild in the valuation department, eh? 8) Definately profit taking level imho.... though I just hold for long term." --- 11/19/98 Dow Jones News Service (Copyright (c) 1998, Dow Jones & Company, Inc.) By Maria V. Georgianis NEW YORK (Dow Jones)-- Intel Corp. (INTC) set another 52-week high Thursday as the computer chip maker continued to tell investors that its fourth quarter is looking stronger than anticipated, and that business in the past two weeks is up more than expected. Intel Chief Financial Officer Andy Bryant told investors over a breakfast meeting in New York Thursday that the company has sold out of chips for the fourth quarter and that "costs are coming down dramatically," said Dennis McKechnie, portfolio manager of the Pimco Innovation Fund. Goldman Sachs & Co. analyst Joe Moore said Intel "sees a very good tone of demand," in the fourth quarter. Goldman Sachs sponsored the Intel breakfast meeting. There has been "incrementally more positive news" from Intel over the past few weeks, said Donaldson Lufkin & Jenrette Corp. analyst Charles Boucher. "Portfolio managers are increasing their weighting in large-cap semis," he said. Last Friday, at Intel 's meeting with Wall Street analysts, the company indicated that the fourth quarter is looking strong, Boucher said. And just a week ago the company preannounced an above-expectation 8% to 10% sequential rise in fourth-quarter revenue because of strong demand "across all market segments and all geographies." Investors are assuming that the 8% to 10% revenue growth guidance over the third quarter "is a floor for what the real performance will be," Boucher said. (MORE) DOW JONES NEWS 11-19-98 02:24 PM Next Previous