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Politics : Formerly About Applied Materials

AMAT 219.89

-1.5%

10:14 AM EST

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To: Gottfried who wrote (32427)	9/10/1999 12:33:00 AM
From: Jeffrey D	Read Replies (1) of 70976

INTC might help AMAT today too. Jeff quote.bloomberg.com Technology News Fri, 10 Sep 1999, 12:29am EDT Intel Shares Soar as Rising PC Demand Seen Boosting 3rd-Quarter Profit By Molly Williams Intel Soars as Rising PC Demand Seen Boosting Profit (Update1) (Adds closing stock price.) Santa Clara, California, Sept. 9 (Bloomberg) -- Shares of Intel Corp., the world's No. 1 computer-chip maker, have surged 47 percent since July amid expectations that increased demand for personal computers is boosting third-quarter profit. Intel rose 1 13/16 to 87 3/4 today in trading of 19.9 million shares, making it the most active U.S. stock. It's the third-best performer in the Standard & Poor 500 Index during the past three months. Surging demand for PCs is likely to prompt Intel to tell investors that third-quarter sales will be higher than earlier forecasts from the company. Profit for the quarter ending this month could be 60 cents a share or more, several analysts said. That compares with the average estimate of 57 cents from analysts surveyed by First Call Corp. ``PC demand picked up faster than people anticipated,' said John Spytek, portfolio manager at BancOne Investment Advisors, which owns 13 million Intel shares. ``The general opinion is they will see double-digit sales growth rather than just slightly up.'

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