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Technology Stocks : Intel Corporation (INTC)
INTC 48.32-0.8%Jan 15 3:59 PM EST
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To: Road Walker who wrote (140656)8/1/2001 9:50:50 PM
From: Bob Kim  Read Replies (1) of 186894
 
John,

Find anything strange about this passage from an article in Upside?

Happy Joe

Investors should also know that Merrill's Osha is one of Wall Street's staunchest optimists, an analyst who stuck by chipmaker Intel (INTC) with a near-term "accumulate" and a long-term "buy" even as its stock fell off a cliff last autumn.

It wasn't until December, soon after Intel had warned of a significant revenue shortfall in the fourth quarter of 2000, that he dropped the stock to long-term "accumulate" from long-term "buy." (Then of course the stock promptly found a new cliff to fling itself from, where, for all intents, it still languishes, down 59 percent from its all-time high.)

For the record, the downgrade referenced above actually occurred in October.
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