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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 216.00-0.7%Dec 4 3:59 PM EST

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To: DRBES who wrote (156730)4/18/2005 10:11:18 AM
From: RinkRead Replies (1) of 275872
 
Wells Fargo Raises Intel To Hold From Sell

DOW JONES NEWSWIRES
April 18, 2005 8:59 a.m.

NEW YORK -- Intel Corp. (INTC) was upgraded to hold from sell at Wells Fargo Securities, primarily because of valuation.

Analyst Tad LaFountain said the company's exposure to the effects of stock options expensing is one of the lowest among the semiconductor companies he covers, which makes him believe the shares are "increasingly appropriately valued."

The stock closed down 37 cents at $22.12 Friday and have lost 12% since the March 7 close.

online.wsj.com

Regards,

Rink
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