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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: xstuckey who wrote (3941)	11/25/1997 7:19:00 PM
From: Chris	Read Replies (1) of 42787

X (intel news) PRODIGY (R) interactive personal service 11/25/1997 4:44:31 PM COMPANY NEWS (sm) provided by Dow Jones Online News Symbol Searched: INTC 11/25/97 Intel's Active Marketing Of New Chip May Hurt Earnings, Analyst PALO ALTO, Calif. -(Dow Jones)- Morgan Stanley Dean Witter analyst Mark Edelstone said Tuesday that Intel Corp.'s aggressive efforts to market its Pentium II chip may cut into 1998 earnings. In a research note, Edelstone cut his 1998 earnings estimate on the industry-leading maker of microprocessors for personal computers to $4 from $4.20 a share. Intel's determination to push the Pentium II will lead to aggressive price cuts, with the first likely to take place in January and perhaps as early as December, the note said. Intel typically cuts prices four times a year, but the first regularly scheduled cut doesn't usually take place until February. Earlier this month, Lehman Brothers Inc. analyst Michael Gumport wrote that he had heard from clients that Intel was planning to cut prices in December. Copyright (c) 1997 Dow Jones & Company, Inc. All Rights Reserved. 2:56 PM ---------------------------------------------------------------------- ----------

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