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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

3:59 PM EST

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To: Paul Engel who wrote (87286)	8/27/1999 9:18:00 AM
From: Sparks	Read Replies (1) of 186894

August 27, 1999 Dow Jones Newswires M. Stanley Ups Intel 12-Mo. Target To 95 From 80 No further information is available at this time. No further information is available at this time. No further information is available at this time. NEW YORK -- Morgan Stanley Dean Witter analyst Mark Edelstone raised his earnings estimates and price target on Intel Corp. (INTC), saying the chip giant is in position to capitalize on positive personal-computer build rates. According to a source at the firm, Edelstone took up fiscal 1999 earnings-per-share estimates to $2.30 from $2.25, and fiscal 2000 estimates to $2.60 from $2.55. He raised his 12-month price target on the stock to 95 from 80, the source said. Intel stock closed at 81 1/6 Thursday. Edelstone noted that PC build rates have picked up sharply since mid- to late-second quarter, Morgan Stanley said.

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