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: Tony Viola who wrote (75419)	3/4/1999 8:26:00 PM
From: Fred Fahmy	Read Replies (3) \| Respond to of 186894

From briefing.com "Level One Communications (LEVL) 28 7/8 -3 1/2: Adams Harkness downgrades designer and developer of integrated circuit products from "strong buy" to "accumulate" as hub business is being cannibalized by switch business; company has greater exposure to the hub market than the switch market; also believes that book-to-bill for June quarter will now be below 1.1, probably closer to 1.05; lowers FY99 EPS estimate from $1.26 to $1.20 and FY00 EPS from $1.59 to $1.52 a share....." This analyst can't possibly have a job to go back to in the morning. What incredibly bad timing! The stock went on to finish the day at 27 1/8, down 16%. Do you think there are any upset Adams Harnkness customers tonight!? Can you imagine people selling at 25 today... Well, one things for damn sure, no one is going to accuse that analyst of having inside information <gg>. FF