Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

3:59 PM EST

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To: Road Walker who wrote (110757)	9/22/2000 8:29:24 AM
From: Bob Kim	Read Replies (3) of 186894

John, Seems like nothing was a surprise to Osha. Here are some excerpts: "...The company cited weakened PC demand in Europe, although our checks indicate that the weakness is more broadly based." "Our earlier skepticism regarding the euphoric expectations for microprocessor demand has been confirmed even more forcefully than we had expected." [Wasn't the mid-cycle correction over?] "Our recent checks continue to suggest a slower than average seasonal pick-up in microprocessor demand. Some caution is warranted even with the stock at lower levels." "Our recommendation on the stock remains unchanged at an intermediate-term Accumulate, long-term Buy. Our 12 month price target is cut to $70." FYI, with a $70 price target, INTC is eligible for a ML upgrade below $58.33.

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