Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.75

+1.2%

1:56 PM EST

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To: Elmer who wrote (88984)	9/27/1999 10:51:00 AM
From: Ram Seetharaman	Read Replies (1) of 186894

Good price action today upon upgrade! September 27, 10:00 am Eastern Time RESEARCH ALERT - Intel started as buy NEW YORK, Sept 27 (Reuters) - ING Barings said analyst Peter Wolff started coverage of semiconductor maker Intel Corp. Monday with a rating of buy. -- ''Intel is the largest and most profitable company in the semiconductor industry and is expected to continue to benefit from the recent upturn experienced in the sector,'' he wrote in a note. -- He forecast earnings per share (EPS) of $2.36 in 1999 and $2.86 in 2000. -- ''Although we note there is downside, we strongly believe that the stock could move up to approximately 40-50 times our current year EPS of $2.36, or $105-118.'' -- Intel shares were up 1-61/64 at 77-5/8.

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