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Technology Stocks : Intel Corporation (INTC)
INTC 46.96-2.8%Jan 16 9:30 AM EST

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To: GVTucker who wrote (121054)12/7/2000 9:50:17 AM
From: Bob Kim  Read Replies (1) of 186894
 
GV, Maybe ML's Kraemer needs his own HWP reality check.

12/07/2000 Report price: $32.00

"At this point, it is unclear whether the current
orders for Unix servers and storage will be a
short-lived upgrade cycle or a sustainable turn
around. Management doesn’t have metrics to
tell so it may be hard to drive to a conclusion."

"Reality Check says it’s just an upgrade so
we’d sell into strength, but there’s a way to go
to our $45 12-18 month price objective."

********

11/14/2000 Report price: $34.13

"HP preannounced a $0.06 EPS miss on better
than expected revenue growth. We are
lowering our FY01 EPS estimate from $2.23 to
$1.96 and our [12 month] price target from $70 to $45."

"...We reiterate our Accumulate rating because
this looks like an oversold situation in our view."
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