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Technology Stocks : Intel Corporation (INTC)
INTC 35.81+0.2%3:59 PM EST

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To: Dan3 who wrote (162146)3/14/2002 9:06:11 AM
From: Road Walker  Read Replies (1) of 186894
 
07:19 ET CSFB lowers PC forecast, trims estimates for Dell, H-P : CSFB lowers their 2002 PC unit growth forecast to 5% from 10% due to the following reasons: 1) checks indicate there is no evidence of a commercial pick-up with 2 weeks to go in Q1, 2) most IT managers seem to have pushed their hardware procurement plans into late 2002 or beyond, 3) consumer PC sales have recently shown signs of cooling, and 4) stronger macro economic data is occurring without tech end market participation; firm does not believe that rallies are worth chasing. Trims 2002 ests for HWP and 2003 ests for DELL, and would buy DELL below $25.
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