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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (51043)	3/9/1999 7:15:00 PM
From: Eggolas Moria	Read Replies (2) \| Respond to of 132070

Your friend Niles likes to get ink. NEW YORK (Dow Jones)--Intel Corp. (INTC) shares fell by more that $4 earlier Tuesday on renewed rumors that the company could pre-announce a sales shortfall for the first quarter, but at least one prominent analyst thinks the company is 'on track.' The story floating around the market Tuesday goes something like this: Intel is putting pressure on its sales force to book as many orders as possible by Thursday, March 11. If the company doesn't meet targets by then, the company will pre-announce, market sources said, adding quickly that the story is just a rumor. Dan Niles, an analyst at BancBoston Robertson Stephens, said he had heard the rumor but doesn't believe it. 'March looks like it's pretty much right on track' for Intel, Niles said. Niles said rumors that Intel would pre-announce have circulated since reports from Compaq Computer Corp. (CPQ) indicated that PC sales weren't as strong in February as had been hoped for. And having Intel rival Advanced Micro Devices Inc. (AMD) preannounce a loss Monday 'gives more fuel to the fire,' he said. 'People are nervous right now, and I don't blame them,' Niles said. Many PC companies are having a 'tough' first quarter. An Intel spokesman didn't immediately return calls for comment.

To: Knighty Tin who wrote (51043)	3/9/1999 7:28:00 PM
From: Monty Lenard	Read Replies (2) \| Respond to of 132070

Someone may have already posted this and if so I appologize. stocksite.com 17:05 03-09-99 SAN FRANCISCO (Reuters) - Intel Corp. declined to comment on market rumors that the microchip group would soon pre-announce a first quarter earnings shortfall, fueling a drop in its stock Tuesday. ''I can't comment on market rumors,'' said Tom Waldrop, a spokesman for Santa Clara, Calif.-based Intel. Intel shares dropped $4.31 to $115.31 in very heaving trading, especially in the last hour before the market closed. Traders and fund managers said they had been hearing the rumor in the last hour or so of trading and they were not surprised by it, given the current PC industry environment. ''Just based on what we know about the PC business, it wouldn't be too surprising if things were a little bit light,'' said one fund manager who asked not to be named.

To: Knighty Tin who wrote (51043)	3/10/1999 10:25:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, Ramblings: 1. Only one pc ad in the paper midweek, an HWP Celeron from Office Depot. No mention that PIII exists, but with only one ad, that may not be indicative of anything. 2. Another spate of golly gee announcements from Dell. This usually touty co. has grown remarkably taciturn about its main business, but chatty about initiatives that mean next to nothing. They seem to be taking a page from Gateway's book. It is too early in Dell's fiscal quarter to make any genralizations, but if I were a bull, I'd be hoping for a return to the old hype. 3. Guessing sales this quarter is tough and I was probably too hard on IDC last night. They have to factor in the degree of leftover inventory in the channel vs. last year's 1Q, which may have been the largest stuff in history. The disappearance of the corporate market and falling ASPs does not make the task easiers. Some points for thought. a. Historically, 1Q from 4Q in the industry has been fairly flat, with a minor downward bias, sequentially. Last year was an exception and this year will certainly be an exception. In fact, the exception may become the rule, as the flat 1Qs came when the PC market was growing. ASPs are certainly down dramatically from this time last year, but perhaps not as much, in % terms, as they were 4Q. My SWAG is down about 15% for this quarter, year over year. That would make revenues slightly negative year to year if IDC is close on the unit sales growth. I think they are high there, and probably overstating due to the direct sellers. January was a monster for consumer sales, but that has definitely gone away. The boost from PIII intro seems to be, at best, muted. I can't find any corporations who are buying boxes at a higher rate than they did last year. Obviously, my contacts are not that extensive, so I may be missing a box buying sugar daddy of massive proportion. Inventory in the channel has just been restuffed by the PIII boxes, so there is no relief on that front. All in all, an odd quarter. MB