Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.47

-2.2%

11:17 AM EST

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To: Bob Kim who wrote (115642)	11/2/2000 10:07:45 AM
From: Road Walker	Read Replies (1) of 186894

Thursday, November 02, 2000 Analysts comment on Intel --9:36 am - By Tomi Kilgore Commenting on Intel’s (INTC: news, msgs) reaffirmation of fourth-quarter revenue growth estimates, Analyst Dan Niles at Lehman Bros. said the company’s comment that it was seeing a slight uptick in Europe and brisk demand in Asia was a “pleasant surprise.” CS First Boston’s Charlie Glavin said continued price wars between Intel and Advanced Micro Devices (AMD: news, msgs) “could downward put pressure to the lower end of Intel’s conservative guidance, with the effects carrying through into mid-2001. Drew Peck at SG Cowen said Intel’s expectation of net growth of 17-to-18 percent in 2001 “will be a challenge” given weakness in microprocessors. Merrill Lynch’s Joe Osha said, “although yesterday’s presentation included some interesting cost data, the gross margin question remains unanswered.” David Wong at PaineWebber upped his price target to $52 from $45. Intel is now up $2 to $46.88 and AMD is edging up 81 cents to $24.63.

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