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Technology Stocks : Intel Corporation (INTC)
INTC 35.81+0.2%Nov 25 3:59 PM EST

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To: Joey Smith who wrote (83542)6/15/1999 9:03:00 PM
From: Ibexx  Read Replies (2) of 186894
 
Joey and thread,

From Prudential's Closing Market Commentary as of 6/15/99:

"....Semi conductor stocks responded to a strong Merrill Lynch recommendation. The analyst raised his estimate for the growth rate in semiconductor revenue this year to 15.5% from 12%. He said demand for computer chips from the telecom industry is the driving force behind the improved numbers. Texas Instruments gained over five, Broad.com jumped over eight and Intel was a point sized gainer.

.....
Internet stocks showed some snapback after several weeks of decline. A study by Nielsen Ratings said more people used the internet in May then in April and spent more time on the web. That follows a four percent decline in April from March. Yahoo gained six, America Online rose four, Lycos gained six and Real Networks gained four.


Ibexx
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