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

To: Luis who wrote (78860)	4/13/1999 5:39:00 PM
From: Imuah	Respond to of 186894

Last night all the good threads were saying that Intel would make or beat estimates, but would project flat to lower revs and earnings for next two quarters. Earnings were on track, but revs for past quarter came in below estimates. Intel mentioned that cost cutting measures had something to do with good earnings. You can tighten that belt only so much, I guess. This, coupled with CPQ's bad news will send the techs lower, i would guess. I'm not into Intel. I'm short one of the components of the SOX index and use INTC as a surrogate, as the stock I am short is not much discussed on SI or Yahoo.