Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.32

-1.2%

3:59 PM EST

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To: Road Walker who wrote (104553)	6/19/2000 10:06:00 AM
From: Ram Seetharaman	Read Replies (2) of 186894

Monday, June 19, 2000 --9:51 am Intel gets Lehman boost Intel (INTC: news, msgs) is gaining 3 5/8, or 2.9 percent, to 129 11/16. The stock is now the leading percentage gainer within the Dow Industrials ($INDU: news, msgs). Analyst Dan Niles at Lehman Bros. increased his 2000 and 2001 EPS estimates. Niles believes the company can now produce up to 15 percent more processors in both the third and fourth quarters. He noted that PC demand has noticeably increased in early June. Niles thinks Intel is already booked for the third quarter. He reiterated his "buy" rating and $175 price target, saying Intel is one of the two best ways to play the PC market "that in 2000 should see the best revenue and earnings growth since 1996." His other favored play is Micron Technology (MU: news, msgs), which is adding 1 1/8 to 78 1/2.

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