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

To: Joey Smith who wrote (69425)	12/4/1998 1:23:00 PM
From: Barry Grossman	Read Replies (1) \| Respond to of 186894

Joey, cbs.marketwatch.com Intel shares jump on sales growth Chipmaker sees fourth quarter sales up 8% to 10% By Stephanie O'Brien, CBS MarketWatch Last Update: 10:27 AM ET Dec 4, 1998 NewsWatch SANTA CLARA, Calif. (CBS.MW) -- Intel Corp. shares jumped 4.3 percent Friday morning on reports the company expects fourth-quarter revenue to rise 8 to 10 percent from the third quarter. The world's largest chipmaker (INTC) "is on track to hit our fourth-quarter earnings-per-share estimate of $1.10 on revenues of $7.6 billion," said Credit Suisse First Boston analyst Scott Nirenberski in a note to clients. Intel shares rose 4 3/4 to 114 1/4 "We expect revenues to be up 12% sequentially from 3Q98 and believe the company is on track to at least meet our estimates quarter-to-date. Revenues are strong across virtually every segment and product line," he also said. The company gave a presentation to investors Thursday at a conference hosted by Credit Suisse First Boston. -------------------------------------- Scott Nirenberski? Not exactly a household name, but I think he's accurate in his expectations, which appear to be higher than what the company actually said at the conference. Anyone have the First Boston info? Barry