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Strategies & Market Trends : Wall Street Analysts

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To: Patsy Collins who wrote (37)	8/6/2001 2:50:57 PM
From: Wizard	Read Replies (1) of 167

I am not picking on Dan Niles but he can change his tune pretty fast and I would be willing to bet that his rating on Intel will be higher 6-12 months from now and the stock has seen its lows for the year. When Intel was $59 last June, Dan wrote in a research not: "Intel is one of the best investment ideas in our universe, and we believe the stock could appreciate nearly 50% to $87.50 by year-end." This target price implied a 7.6x price/sales multiple based on his then-expectations for $40.3b in revenues in 2001. Now the stock currently trades at 7.0x his 2002 revenue estimate of $29.5b yet he is calling the stock a short. I am not an Intel bull but he thought the company was worth $300B+ market cap a year ago and now at $200B he thinks it's a short?? Dan's analysis real-time data analysis fails to take into account the fact that the stock tends to anticpate real-time data months in advance.

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