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Technology Stocks : Intel Corporation (INTC)
INTC 40.56+10.2%Nov 28 12:59 PM EST

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To: Raymond Thomas who started this subject7/12/2002 9:07:30 AM
From: Road Walker  Read Replies (1) of 186894
 
07:46 ET Advanced Micro downgraded at CSFB (AMD) 9.33: CSFB downgrades to HOLD from Buy based on the belief that profitability of the Flash group is unlikely near-term; believes AMD is shifting its near-term strategy towards pursuing mkt-share at the expense of profitability, and is experiencing problems with MirrorBit that can lead to long-term profitability issues and loss of competitive advantage. Changes FY02 rev/EPS ests to $3.1 bln/($1.17) from $3.0 bln/($1.14) and FY03 to $3.9 bln/($0.53) from $3.5 bln/($0.31), and cuts price target to $10 from $12.
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