Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 45.51

+10.7%

Jan 9 3:59 PM EST

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To: Bob Kim who wrote (139555)	7/18/2001 12:45:00 PM
From: Mary Cluney	Read Replies (1) of 186894

Bob, <<<More hedging from Osha? >>> Wednesday July 18, 12:01 pm Eastern Time RESEARCH ALERT- Merrill cuts 2001, 2002 Intel estimates NEW YORK, July 18 (Reuters) - Merill Lynch said Wednesday it cut its 2001 and 2002 earnings estimate on Intel Corp.(NasdaqNM:INTC - news), saying the company will face intermediate-term margin pressure due to its pricing stance. Analyst Joe Osha said he lowered his 2001 forecast to 53 cents a share from 56 cents share, and his 2002 estimate to 74 cents a share from 79 cents a share. Ohsa said Intel's June quarter revenue of $6.33 billion, reported Tuesday, was $150 million below his estimate, and the company's gross profit of $3.02 billion was below his estimate of $3.14 billion. He said his intermediate-term rating on the company is neutral, and added the stock is richly valued.

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