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Technology Stocks : Intel Corporation (INTC)

INTC 40.36

-0.4%

1:11 PM EST

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To: Raymond Thomas who started this subject	7/15/2002 12:08:02 PM
From: wanna_bmw	Read Replies (1) of 186894

Merrill says Dell only tech growth stock NEW YORK, July 15 (Reuters) - Merrill Lynch's top equity strategist on Monday said that, with the exception of Dell (NasdaqNM:DELL - News), the tech sector was a sell, and investors should sell the sector into strength at every opportunity. Merrill Lynch said that Dell's announcement last week that it would beat its own guidance for second-quarter earnings gave a lift to the technology sector, but that Dell's growth may be coming at the expense of competitors. "Our view remains that investors should sell technology shares into strength at every opportunity, and re-deploy those assets over other sectors. However, Dell might be an exception to our strategy," Merrill Lynch chief U.S. strategist Richard Bernstein wrote in a research note. "Dell appears to be a true 'growth company' within a sector of faux 'growth stocks,"' he said. Dell shares were up 7 cents at $25.10, from its Nasdaq closing price on Friday, after opening lower. wbmw

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