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

To: Diamond Jim who wrote (75826)	3/8/1999 10:11:00 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 186894

Intel catches them unprepared Since the negotiated settlement with the FTC was clearly unexpected by both the press and the Street, Intel has managed to have some real fun with this week's entire press campaign and to cause a bunch of traders to consider buying before they get buried. The press had an entire week of stories prepared in which we would breathlessly follow Intel's trial in the footsteps of Microsoft with every cliche that could be managed from the comparison of the "plight" of the two companies to the "penalties" that should be exacted. Intel would have received one analysis of the impact after the other and the stock price would have been beaten to hell. Unfortunately all that tape is now worthless. How does CNBC salvage something? Take the tape and pretend the impact of the trial still exists and hope your audience doesn't realize you are filling time with garbage! I'd say today was the end of that. Better find another story to fill the air. Then there is the Street. They were looking forward to a week of Intel's stock being beaten down and down and down --- to the magical 110 bargain level. Then all of a sudden Intel took away the whip and there was nothing to beat. Moral of the story: Just wait for those traders to figure out there isn't going to be any AMD like pre-announcement. Just get out of their way when the light goes green.