IS INTC A GROWTH STOCK? Message Board

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Technology Stocks : IS INTC A GROWTH STOCK?

INTC 39.87

-0.7%

1:06 PM EDT

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To: Yaacov who wrote ()	5/20/1997 11:14:00 AM
From: Glenn D. Rudolph	of 243

RESEARCH ALERT - Merrill sees Intel growth Reuters Story - May 20, 1997 09:26 FINANCIAL ELI ENT US RCH HOT INTC V%REUTER P%RTR NEW YORK, May 20 (Reuter) - Merrill Lynch analyst Tom Kurlak said he expects Intel Corp's revenue growth to rise to 36 percent annually from 30 percent and earnings per share rising at a five-year compounded rate of 30 percent compared with 25 percent. Kurlak said the revenue growth should jump as prices for its products rise and overall personal computer unit sales increase. Intel's average selling price for its computer chips will grow from the current $276 to $550 in the next five years, Kurlak said. Kurlak said he expects the stock price to rise to $200 by the end of this year and $235 by the end of 1998. Shares gained 1-3/4 to 156-1/2.

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