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Technology Stocks : Intel Corporation (INTC)

INTC 47.10

-4.4%

12:47 PM EST

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To: Tunica Albuginea who wrote (31080)	9/4/1997 10:02:00 AM
From: Ibexx	of 186894

Tunica and all, DMG downgrade of AMD: ______ 09/04 09:17 DEUTSCHE MORGAN GRENFELL SAYS CUTS ADVANCED MICRO<AMD.N>TO HOLD,WAS ACCUMULATE NEW YORK, Sept 4 (Reuter) - Deutsche Morgan Grenfell said it downgraded Advanced Micro Devices to hold from accumulate. -- said cut 1997 earnings per share estimate on AMD to $0.28 from $1.12. -- dropped 1998 EPS estimate to $2.45 from $3.25. -- late Wednesday AMD said it expects to post a small operating loss for its third quarter. -- analysts had expected the company to earn $0.31 in the third quarter ending September 28, according to First Call. -- shares were down 3-3/8 to 35-1/2 in early morning trading. BEFORE THE BELL - Advanced Micro <AMD.N> eases ____ Ibexx PS: very drastic cut!!!

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