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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 478.29

-1.8%

Nov 20 3:59 PM EST

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To: Frederick Langford who wrote (20414)	7/11/2002 3:15:25 PM
From: Susan G	Read Replies (3) of 26752

14:30 ET INTC Intel: cautious comments by Lehman (17.72 +0.91) -- Update -- Lehman's Dan Niles is reiterating his cautious stance on INTC, saying that although Q2 estimates look reasonable, future consensus expectations may need to come down due to pressure on gross margins and falling avg selling prices; also, while he does not believe that INTC will change capex guidance of $5.5 bln this early in the year, he thinks it will probably be cut at some point. (Earlier we had posted a rumor that a prominent analyst would upgrade INTC (13:26), so it looks as though we can now rule out Niles.) double top right here on the KLACster unless it breaks out

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