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Technology Stocks : Intel Corporation (INTC)

INTC 38.38

+0.6%

2:53 PM EST

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To: Robert Douglas who wrote (95546)	1/10/2000 12:00:00 PM
From: Process Boy	Read Replies (2) of 186894

Robert and Thread - Here's the wire report on the Robertson Stephens Upgrade biz.yahoo.com Monday January 10, 11:34 am Eastern Time RESEARCH ALERT - Intel raised NEW YORK, Jan 10 (Reuters) - Robertson Stephens said on Monday it raised its rating on shares of Intel Corp. (NasdaqNM:INTC - news) to buy from long-term attractive on the basis of the first good revenue and earnings quarter in a year. -- Analyst Daniel Niles said he believes company's year-long decline in revenue and earnings per share growth will reverse in the first quarter 2000. His price target is $100 a share. -- ''We expect Intel to finally have a good quarter after missing either revenue, earnings per share, or both in the prior three quarters,'' Niles wrote. -- ''We believe fourth quarter will show both solid revenues of over $8 billion and earnings of at least $0.61 share. We believe that the outlook will also be good with a slight quarter-over-quarter decline in first quarter revenues with a flattish gross margin.'' -- Believes several factors will drive demand: PC recovery from a Y2K slowdown, Windows 2000 upgrade cycle, very strong growth of servers in an Internet-centric economy. Stock up 2-7/8 to 84-15/16.

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