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Technology Stocks : Intel Corporation (INTC)
INTC 46.48-3.6%3:59 PM EST

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To: Tony Viola who wrote (86716)8/9/1999 2:40:00 PM
From: Ibexx  Read Replies (1) of 186894
 
Tony and thread,

Just received Prudential's Strategic Equity special bulletin - for whatever it's worth - and below are some tidbits:

* Target price for INTC (6-12 month timeframe): $98
* Intel repurchased 25 million shares at a cost of 1.5 billion during Q2.
* $100 invested in Intel's IPO 27 years ago was worth $162,338 at year-end 1998. (Daytraders: please do your math; don't forget to subtract all taxes if you had a net profit.)
* Other chip stocks mentioned in bulletin: PMCS (I am in!), ATML, AMAT, ANAD).

Cheers,
Ibexx
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