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To: kemble s. matter who wrote (108698)	3/9/1999 10:23:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

This just in--> Kumar on Intel rumor-Says no change in his estimates. Hi Kemble: This just came across the wire:- ======================= ....'But analysts who follow Intel said that each quarter has been rife with rumors about Intel's earnings, and last quarter the rumors went in the opposite direction. ''Expectations have been getting out of wack,'' said Ashok Kumar, a Piper Jaffray analyst. ''The company's guidance has always been flat to down (revenues versus the fourth quarter)...Will there be a shortfall relative to expectations, yes, will there be a shortfall relative to guidance, no.'' In January, when Intel reported fourth quarter earnings, it forecast that first quarter revenues would be flat to down versus the fourth quarter. According to First Call, the consensus for Intel's first quarter is $1.10 a share. Kumar said he has not changed his estimates, which are around $1.10 a share. Analysts said news of a significant loss in the first quarter from Intel rival Advanced Micro Devices Inc. late Monday was also putting pressure on chip stocks Tuesday. biz.yahoo.com