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

To: Howard Feinstein who wrote (78596)	4/12/1999 2:07:00 PM
From: Process Boy	Respond to of 186894

Howard - Niles Downgrade. * He's not changing his earnings estimates * He expects INTC to announce flat second quarter * Termed a "slight" downgrade, from Storng Buy to Long Term Attractive. As another poster indicated, not much downside with this downgrade, especially 1H of year. PB

To: Howard Feinstein who wrote (78596)	4/12/1999 2:37:00 PM
From: Srini	Respond to of 186894

>>Makes one feel that INTC report will be flat with cautious forward looking statements. << Even if eps is ok, guidance may well be along the lines of a quote attributed to some high-up Intel exec (I forget which one) that the Y2K related buying surge anticipated in H1 may not materialize till H2. (A damper is the suggestion made on the CPQ thread that this surge has already occured in H2 '98). Srini.

To: Howard Feinstein who wrote (78596)	4/12/1999 6:57:00 PM
From: Diamond Jim	Respond to of 186894

Re: "Makes one feel that INTC report will be flat with cautious forward looking statements. Does that compute? Howie" == Howie, it sounds very logical, don't say it again! Seriously I think the guy is trying to make name for himself. If they were going to miss they would have warned, his downgrade makes as much sense as CPQ's late warning. jim

To: Howard Feinstein who wrote (78596)	4/12/1999 7:17:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 186894

Howie, Why would Dan Niles stick his neck on the line one day before INTC earnings report unless he knew what he was doing? Niles did the same thing with Dell a couple of days before their last earnings release in February (he forecast their sales would be light by 4%). Niles got crucified, the Dell thread had him being outfitted for cement boots and other Dell thread-like behavior. He turned out to be right. Like Process Boy said, though, the downgrade on Intel could be called a downgrade-lite. Got the RealPlayer all warmed up for the conference call tomorrow. In the wake of the Compaq bomb, seems it will require pretty carefully thought out opening remarks from Otellini and Bryant, as well as careful responses to the analysts' questions. You know the analysts will be trying to set some traps. Fortunately those two Intel guys have been there quite a few times and have to be trusted. Tony