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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (2171)9/19/2000 11:36:07 AM
From: T L Comiskey   of 65232
 
Jim...

Tuesday September 19, 11:35 am Eastern Time

RESEARCH ALERT-Bear Stearns reiterates Intel as buy

NEW YORK, Sept 19 (Reuters) - Bear Stearns analyst Charles Boucher reiterated his buy rating on semiconductor maker Intel Corp.
(NasdaqNM:INTC - news) on Tuesday.

-- in report, reiterated $90 price target.

-- Intel was up $3-3/16 at $59 on Nasdaq.

-- said Intel's stock price has weakened because of worries about the health of the personal computer market.

-- ``We believe the PC market is healthy, and should experience normal strong seasonal demand'' in the fourth quarter, ``which should in turn drive strong unit and
revenue growth for Intel's microprocessor business.''

-- expects a strong Christmas quarter.

-- `` ... We view the recent pullback in INTC shares as an excellent buying opportunity.''
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