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: Joe Gun who wrote (82359)	6/1/1999 3:41:00 PM
From: chunmun	Read Replies (1) \| Respond to of 186894

Hmm, kinda funny that Dan Niles wasnt availble for his comment after his statement. Oh yeah forgot he was busy buying INTEL shares.

To: Joe Gun who wrote (82359)	6/1/1999 10:02:00 PM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 186894

Joe, once again, Niles/BBRS show an incredible knack for claiming to be getting at the nitty gritty... ...but screwing up on information we can all access through our PC's. From Dow Jones: NEW YORK -- Intel Corp. (INTC) shares fell 6% Tuesday after BancBoston Robertson Stephens & Co. analyst Daniel Niles said Wall Street's earnings estimates are too high for the June quarter and for all of 1999. In an afternoon call, Niles said he thinks Intel will earn 51 cents or 52 cents a share in the June quarter. The First Call Corp. consensus estimate for is 54 cents a share. He also said Intel should likely earn between $2.15 and $2.20 a share for fiscal 1999. In a brief note posted on the firm's Web site, BancBoston cited the First Call consensus estimate for Intel's fiscal 1999 at $2.25 a share. But a First Call machine shows the fiscal 1999 consensus estimate to be $2.33 a share. In either case, Niles sees Intel earning below the Wall Street estimate in 1999... Well, "in either case", BBRS got the story they wanted. Niles/BBRS talking down INTC the first day back after a long holiday weekend. IMHO, the story is really how the story came to be the story. But it is great to see at least one financial writer out there in Chris Grimes actually rolling up his sleeves and doing some digging on his own. Good trading, Tom