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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (66699)7/30/1999 12:25:00 AM
From: Paul Engel  Read Replies (1) of 1574342
 
Tejerk - Re: " an analyst from S.G. Cowan flat out said that intc was selling its low end chips below cost. "

Oh ?

This analyst?

{==================================}
Tuesday July 27, 9:55 am Eastern Time

RESEARCH ALERT - Intel raised to buy

NEW YORK, July 27 (Reuters) - SG Cowen analyst Drew Peck said hie raised his rating on semiconductor maker Intel Corp. Tuesday to buy from neutral.

-- In a report, he raised his estimate on 1999 earnings a share to $2.33 from $2.25.

-- Signs of rising sales promotions for personal computers will be a ''positive'' for Intel in the second half of the year.

-- ''Higher capacity utilization will mean decent profitability, even from low-end processors.''

-- The long-term outlook ''is still hazy, but short-term gains will push INTC higher,'' he wrote.

-- Intel shares could reach $75 to $80 each by the end of the year.

-- Intel was up 2-1/2 at 65-5/16.

{=======================================}

Paul
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