Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 41.97

-4.1%

10:55 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elmer who wrote (102740)	4/20/2000 7:32:00 AM
From: Felix Appolonia	Read Replies (1) of 186894

Intel: Buy on the weakness By Janet Haney, CBS MarketWatch Last Update: 4:10 PM ET Apr 19, 2000 Also: Silicon Stocks Hardware Stocks SANTA CLARA, Calif. (CBS.MW) -- Clueless investors didn't heed analysts' advice Wednesday to take advantage of weakness in Intel's stock following its stronger-than-expected earnings. Intel shares came under pressure amid concerns about its capacity not keeping pace with product demand. See full story. Robertson Stephens analysts Dan Niles and Arnab Chanda said in a research note that the stock's softness should be used to "accumulate shares," yet investors aren't biting. What gives? Intel (INTC: news, msgs) was off 8 to 121 in recent trading. Its shares are off 16 percent from an all-time high of 145 3/8 set on March 22. The decline in the shares may provide a solid platform for investors to buy into the technology leader. "They're going to make a lot of money in the back half of the year, so we're very bullish on the stock," Niles said. He added that, with some of the big tech names, investors should take a look at the fundamentals when shares are down a bit and "not when (a stock is) at its 52-week high." Additionally, as analyst Erika Klauer at Deutsche Banc Alex. Brown wrote in a research note: "Quarterly results would have been even higher if the company had more capacity to take advantage of unseasonably strong demand." Klauer remains optimistic on the chipmaker's outlook, and she raised her price target on Intel shares to $167. Maybe it's time for investors to clue in and buy shares of the world's largest chipmaker -- before the analysts' price targets are hit.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next