Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.59

-1.3%

Feb 4 3:59 PM EST

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To: Yaacov who wrote (22854)	5/26/1997 1:38:00 PM
From: Paul Engel	of 186894

Yaacov - Re: "Do you think INTC will reach 170 by then?" I tend to avoid making predictions. However, let me say this. The PC business looks healthy, Intel has launched a new product that seems to be well accepted - Pentium II -, low power, high speed Tillamook Pentium MMX chips on 0.25 micron process appear to be entering the market. Couple this with a AMD's K6 launch - a good chip but no major (heck, not even minor!) defection from Intel's customers, plus obvious difficulty in manufacturing the K6 - ESPECIALLY 233 MHz versions. I would say Intel should have a decent Q2 with earnings due out around mid-July. Further, I would expect them to indicate a healthy climate for the balance of 1997. These should be positive incentives for Intel's stock. Your options expire July 19. At a $170 strike price, that is less than $7 from Intel's Friday closing price. My guess is that Intel should easily reach $170 by then (it may not hold there!), barring any more unforseen "lightning bolts" like Flag Errata and DEC lawsuits. Paul

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