Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.15

-0.6%

Dec 24 12:59 PM EST

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To: John Carragher who wrote (183991)	4/6/2006 8:20:58 AM
From: matt dillabough	Read Replies (1) of 186894

INTC Intel June quarter estimates cut due to poor PC visibility at Jefferies (19.48 ) Jefferies cuts their tgt on INTC to $23 from $25 as well as their Jun quarter estimates as a result of continued poor visibility into the PC market and earlier than expected price cuts. Firm states that their proprietary channel checks indicate that the PC stall, initiated by the recent price war between Intel and AMD continues to weaken demand for PC into Q2 2006. As a result of low PC visibility, firm project a flat to slightly down June quarter sequentially for Intel revenues.

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