Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: Mike Magee who wrote (150041)	11/28/2001 6:56:40 AM
From: puborectalis	Read Replies (2) of 186894

Q4 rev. upside unlikely for Intel: JPM (INTC) By Tomi Kilgore Analyst Eric Chen at J.P. Morgan H&Q said his research indicates that Intel's (INTC) demand for chip-making equipment dropped off in October and November, which suggests weak shipments in November and December. He also believes there are "tens of thousands" of motherboard inventory in China, due to a slowdown in PC demand. Chen still believes Intel will meet previously-given fourth-quarter revenue expectations of $6.2 billion to $6.8 billion, but said "upside from the mid-point will be difficult." The stock closed Tuesday up 44 cents at $32.31. Given the stock's relative outperformance -- up 58 percent from the end of September versus a 29-percent rally in the Nasdaq Composite ($COMPQ) -- he recommended not chasing the shares.

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