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Technology Stocks : Intel Corporation (INTC)
INTC 40.51+0.4%3:59 PM EST

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To: Yaacov who wrote (112057)10/2/2000 8:30:12 AM
From: Road Walker   of 186894
 
RESEARCH ALERT-Intel kept strong buy
NEW YORK, Oct 2 (Reuters) - Credit Suisse First Boston said Monday analyst Charlie Glavin kept his rating on semiconductor maker Intel Corp. (NasdaqNM:INTC - news) strong buy.

-- in report, kept 12-month $100 price target.

-- ``We expect Intel to report (third-quarter earnings per share) in line or slightly above our recently revised estimate of 38 cents, owing to late third-quarter shipments and non-operating income gains.''

-- ``... We believe that investors should take advantage of the expected weakness in the stock (ahead of the corporate server and laptop build-outs/upgrades).''

-- shares closed on Friday at $41-9/16.
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