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Technology Stocks : Intel Corporation (INTC)
INTC 38.16+2.5%Nov 7 9:30 AM EST
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To: Process Boy who wrote (96246)1/14/2000 10:17:00 AM
From: Robert Douglas  Read Replies (2) of 186894
 
Bear Stearns upped their price target on Intel this morning to $135 from $100. They also increased their earnings estimate for 2000 to $2.85.

Additionally, they are forecasting that Intel's communications, networking, and wireless revenue to exceed $3 billion by 2001, not accounting for further possible acquisitions. Intel is expecting 50% growth in this area. (Time period unspecific)
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