Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: xstuckey who wrote (69765)	12/11/1998 11:46:00 AM
From: Paul Engel	Read Replies (4) \| Respond to of 186894

xstuckey - Re: "Has anyone connected to Intel actually said that Q199 is solid?" Start here. Paul {============================} Thursday November 19 6:09 PM ET Intel Stock Hits Another Record On Sales Optimism By Duncan Martell PALO ALTO, Calif. (Reuters) - Shares of Intel Corp. (Nasdaq:INTC - news), the world's largest chipmaker, surged Thursday to yet another record, fueled by optimism that sales for the first half of next year will be stronger than expected. The stock closed up $3 at a record $112.88 in trading of 23.5 million shares, making it the second most active issue on the Nasdaq. Intel stock has surged 59 percent from $71.19 on Aug. 31. Following a bullish meeting last week with financial analysts in which Intel executives laid out an aggressive rollout of new microprocessors and reported continuing success in cutting costs, many Wall Street analysts have raised their earnings estimates for the fourth quarter and for next year. Intel is benefiting from a rebound in demand for personal computers -- which was sorely lower than expected in the first half of the year -- as well as from its forthcoming Katmai chip to power high-end PCs, which is due out in the first quarter. ''There's a growing realization that business and their competitive position have improved,'' said Stephen Dube, an analyst at Wasserstein Perella Securities in New York. Investors and analysts also met with Intel Chief Financial Officer Andy Bryant in New York Wednesday, in which he said Intel was running ''flat out'' in building new microprocessors, analyst John Geraghty at Gerard Klauer Mattison wrote in a research note to clients. ''It was caught short by the current upsurge from its customers,'' Geraghty wrote. ''Intel absolutely could ship more product if it had it.'' Also Thursday, Intel and Neon Technology Inc., a maker of Internet appliances, said they had developed a set-top box for televisions that gives users a high-speed connection to the Internet using new, faster transmission technologies. Analysts said there was an increasing likelihood that large corporate customers would accelerate their purchase of PCs in the first half of 1999 ahead of the year 2000. ''Because of the Year 2000 bug, large companies want to get all their ducks in a row before the second half of the year,'' said David Wu, an analyst at ABN Amro Chicago Corp. in San Francisco. ''Intel's going to have a stronger first quarter than initially thought.'' He said he was raising his fourth-quarter earnings forecast to $1.10 a diluted share from $1.08 and his first quarter 1999 estimate to $1.15 from $1.08. In the fourth quarter of 1997, Intel earned $1.7 billion, or 98 cents a share, on revenues of $6.5 billion. Santa Clara, Calif.-based Intel is expected to earn $1.05 a share in the fourth quarter and 98 cents a share in the first quarter, according to research firm First Call Corp. Earlier this month, Intel said its sales would beat expectations again in the latest quarter, showing there was still plenty of room for growth at the 30-year-old chipmaker. Intel, which has 80 percent of the market for the chips that serve as the brains of personal computers, said fourth-quarter revenues would be 8 percent to 10 percent higher than the third quarter's $6.7 billion. In addition, Wu said, there are now signs that results in the normally sluggish first quarter could be higher than the fourth, a reversal of the usual trend. ''It's increasingly likely Intel will have a first quarter that's better than the fourth, because of the Katmai release and new products from PC makers after Christmas,'' Wu said, adding that the Katmai chip is due to be unveiled on Feb.28. Earlier Stories Intel Shares Surge To Another Record On Sales Optimism (November 19) Intel Will Push To Lower Costs Further In 1999 (N

To: xstuckey who wrote (69765)	12/11/1998 12:01:00 PM
From: Tony Viola	Respond to of 186894

X, you've read the article Paul put up by now. It sums up well the other reports I've seen. Re-reading it, it sure is in stark disparity to Kurlak's report of yesterday. I wonder which is right? So far this morning, the market is betting against Kurlak. Tony