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Technology Stocks : Intel Corporation (INTC)
INTC 35.75+3.6%Nov 24 3:59 PM EST
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To: Tony Viola who wrote (84989)7/6/1999 4:00:00 PM
From: GVTucker  Read Replies (1) of 186894
 
Tony, RE: He's said 3Q will be worse than expected. Kind of hard to have an excellent 2H with a not-so-hot 3Q

But you forgot that he'll need a reason for the upgrade.

"We now think that the 3Q is going much better than expected, and are raising our numbers from x to x+10, and we're raising our rating from 'accumulate' to 'buy.'"

Then again, maybe he's playing the whole thing straight, thinks that the short term is rough for Intel, but in the long term it doesn't pay to bet against Intel. Hell if I know. I've never spoken to the guy.

In fact, John Hull might probably have an idea (and would certainly have a much better idea than I) if he's capable of such feints of hand. John, care to render a value judgement on Mr. Niles?
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