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Technology Stocks : Intel Corporation (INTC)
INTC 34.78-2.7%9:45 AM EST

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To: kash johal who wrote (84997)7/6/1999 5:59:00 PM
From: Maverick  Read Replies (1) of 186894
 
INTC could be in for some tough sledding in the weeks to come.
It was a battle of the analysts, with Merrill and Prudential upping the stocks rating from accumulate/accumulate to buy/strong
buy while BancBoston Robertson Stephens cut its Q2 estimate on chip
maker from $0.53 to $0.52... Also cut FY99 and FY00 estimates from
$2.25 and $2.55 to $2.19 and $2.40... Briefing.com leans toward latter
view... As such, INTC could be in for some tough sledding in the weeks to
come.
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