Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 48.32

-0.8%

3:59 PM EST

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To: Elmer Phud who wrote (177411)	4/6/2004 1:52:56 PM
From: Road Walker	Read Replies (2) of 186894

Elmer, hope you (and CSFB) are right: 09:16 ET INTC estimates cut at JMP Securities 28.55: JMP Securities lowers estimates on Intel (INTC) and its target price to $35 from $38. The estimate cuts are based on several factors: 1) delays in the high-volume 90nm technology production ramp of Intel's new desktop Prescott (Pentium 4) processor, mobile Dothan (new Centrino) processor until late in 2Q04; 2) a more aggressive forecasted processor pricing environment in PCs and server chips due to vigorous competition from a rejuvenated AMD; 3) continuing pricing pressure in the flash memory market; and 4) a somewhat sluggish, seasonally weak first-half PC industry. FY04 rev and GAAP EPS estimates goto $34.5 bln and $1.15 from $35.3 bln and $1.20.

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