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.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (2776)	1/10/1999 8:45:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

INTC to Report on Tuesday Maybe we will get some nice strength to sell some tech. into: Saturday, January 9, 1999 Intel's 4th-Quarter Sales, Earnings May Top Its Forecasts Computers: Demand for some products was unmet amid holiday buying surge. Price cuts, faster processor linked to higher profit. From Bloomberg News Intel Corp., the world's largest computer-chip maker, is expected to report higher fourth-quarter sales and earnings, topping even its own optimistic forecasts amid a surge in holiday PC buying. Intel is expected to report profit Tuesday of $1.07 a share, the average estimate of analysts polled by First Call Corp. Some analysts expect profit of $1.10 a share on sales of $7.4 billion. Intel said in November that revenue would rise as much as 10% from the third quarter, more than originally expected. Intel wasn't able to meet demand for some of its products in the quarter as personal computer demand soared to its strongest levels of the year. Profit also is expected to have been boosted by new, faster Xeon processors and price cuts on its low-cost Celeron chips, meant to spark sales. In the year-ago fourth quarter, Santa Clara-based Intel reported profit of $1.74 billion, or 98 cents a share, on sales of $6.51 billion. Intel shares rose 44 cents to close at $129.69 on Nasdaq. The stock has gained 65% in the last three months. PC manufacturers and chip makers struggled in the first half of the year with weaker-than-expected PC sales, causing them to slow production while cutting prices to get rid of excess inventory. Now, inventories are down to just a few weeks at most PC makers, and Intel is trying to keep up with demand. Worldwide sales of semiconductors rose 4.9% in November from those in October, the fourth month of growth for the rebounding industry, according to the Semiconductor Industry Assn. Chip sales totaled $11.4 billion in November, up from $10.9 billion in October. Further, market research firm PC Data Inc. said that retail PC shipments rose about 41% in December from a year ago as consumers scooped up low-cost computers for the home. PC Data said retailers shipped 900,000 to 1 million PCs in December. Revenue rose just 10% for the month to about $1 billion, though, because of deep price cuts. "I don't see any signs of things slowing down," said Steve Baker, an analyst at PC Data in Reston, Va. The numbers his firm tallied for December are still estimates, Baker said. He expects to have final numbers early next week. Intel's gross margin, or the percentage of sales remaining after the costs of production are subtracted, is expected to widen to about 55% from 53% in the third quarter. The momentum is expected to continue in the first half of 1999, analysts said, as companies look to replace older PCs to be sure they can properly recognize the year 2000. Intel also unveiled new, faster Celeron and Xeon chips and plans to introduce more processors for laptops as well as a new chip with better graphics capabilities.

To: Justa Werkenstiff who wrote (2776)	1/10/1999 10:55:00 AM
From: Gary D	Read Replies (1) \| Respond to of 15132

Justa, thanks so much for the show summary. I only caught the last 30 minutes, during which I suspected, but wasn't sure, that Bob must have earlier implied that a correction is highly likely now. With some rewiring and red paint, my buy button will become a sell button. Gary