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drjohn

07/01/04 6:05 PM

#12344 RE: upc #12342

Re: not good

Edelstone's office declined to comment.

Edelstone is a peranial short. Now if Dan niles made that comment I would take it more seriously, niles has a nack of nailing the estimates for all the wrong reason's. Intel has been on a holding patern for the last 4-5 months which way it breaks will depend on the next two quaters outlook. And it looks like .25% rate hikes are already built into the price, so earnings are what will drive the stock price IMHO.