Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

3:59 PM EST

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To: Ibexx who wrote (35861)	10/15/1997 10:23:00 AM
From: Ibexx	of 186894

Thread, H&Q Update released 10/15 at 9:30 am: Please read at own risk ________________ By R. Chaplinsky SUMMARY: * INTC reported Q3'97 below expectations. We are lowering our Q4'97 EPS estimates to $0.89 from 0.99 and our FY98 EPS projection to $4.40 from $4.50. * We believe CPU average selling price (ASP) erosion had the largest impact on the disappointing Q3 results, but we expect a rebound in ASPs for Q4'97. * INTC is setting a cautious outlook for the December quarter, in our opinion, but we believe there is a possibility of upside in the microprocessor units and pricing. * We recommend investors buy INTC stock on weakness, and we maintain our price target of $110. Ibexx

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