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: t2 who wrote (76240)	3/11/1999 10:16:00 PM
From: Paul Fiondella	Respond to of 186894

MICROSOFT OFFICIAL ANNOUNCEMENT Some things are worth repeating endlessly ''We've seen some preannouncements, some rumors of preannouncements, some speculation that the PC business is falling apart,'' Maffei said in a conference call with analysts. ''All evidence that we see suggests that is not true.''

To: t2 who wrote (76240)	3/12/1999 10:33:00 AM
From: Mary Cluney	Read Replies (4) \| Respond to of 186894

tech2000,>>>I will be smiling all day tomorrow.<<< Don't look now, but you and I are the only Intel bulls left. The Street is full of fear. Sentiment is terrible even though fundamentally nothing has changed since the beginning of the year when Intel provided guidance that 1Q revenues would be flat to slightly down. They were comfortable with analysts projections of $1.10 in earnings down from $1.19. Unless they were predicting huge increases in expenses (which I didn't hear about) lower earnings ($1.10) would mean commensurately lower revenues. But, with the way sentiment is running, I can hear it now. Bob Pisani reporting from the floor of the NYSE in a whinney voice: "ehhh, Intel reported (>)15% increases in YOY sales and (>) 50% increase in earnings. But the street was disappointed , uh, uh, as revenues was far short of last quarters record revenues of 7.6 billion dollars. Further, Nugyen's Computer Shack on Bridge Plaza in Fort Lee, NJ reported losses in PC sales resulting in 125% lower earnings for the quarter citing weakness in worldwide PC demand as the reason. uh, they took me over to their, uh, warehouse in Bergen County (near my mother's house) last night and showed me rows and rows of unsold PC's with AMD processors inside. So, things may not be as rosy as some would like us to think. Back to you, uh, Joe, uh, no Mark." Regards, Mary