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Technology Stocks : Intel Corporation (INTC)
INTC 47.14-2.3%12:35 PM EST

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To: Ibexx who wrote (30373)8/26/1997 3:34:00 PM
From: Ibexx   of 186894
 
All, H&Q Update on Intel (8/25) by R. Chaplinsky

INTC: Introduction of 440LX AGPset Should Accelerate Pentium II Sales, and Benefit SIII and TRID

SUMMARY:

* Intel is expected to introduce the long awaited 440LX AGPset for the Pentium II microprocessor platform.

* The 440LX AGPset is Intel's first chipset supporting the new Accelerated Graphics Port (AGP) for higher performance and lower cost PC 3D graphics.

* We (H&Q) expect leading PC OEMs such as Compaq, IBM, Dell and Gateway 2000 to introduce systems incorporating the Pentium II and 440LX in Q3'97 with volume production anticipated in Q4.

* We believe the availability of the 440LX removes a significant barrier to the market's transition to the PII architecture. We are therefore highly optimistic for a strong PII sales mix in Q4'97 and beyond.

* Graphics controller suppliers benefitting from the availability and ramp of the 400LX are S3 and Trident Microsystems, both of which are in volume production of their AGP graphics controllers.

* We reiterated our BUY rating on the shares of INTC and TRID, and strong BUY on the shares of SIII.
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Ibexx
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