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Technology Stocks : Intel Corporation (INTC)

INTC 35.53

-1.1%

Nov 14 3:59 PM EST

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To: gnuman who wrote (42422)	12/16/1997 7:17:00 PM
From: Kirk ©	Read Replies (3) of 186894

Can Andy Grove keep profits up in an era of cheap PCs? some think not: SoundView said its chip analyst Scott Randall cut ratings for ADVANCED MICRO DEVICES INC and Intel Corp. Lowered AMD forecast for the 4Q to a loss of $0.09 a share from a previous forecast loss of $0.01. Cut AMD's fiscal 1998 forecast to $1.22 from $1.62. Ratings kept short- and long-term hold. Randall also cut estimates on INTEL CORP, cutting fiscal 1998 earnings per share estimates to $3.84 from $4.00. Ratings remain short-term hold, long-term buy, SoundView said. (Reuters 12:18 PM ET 12/15/97) Deutsche Morgan Grenfell said Monday it lowered its 1998 earnings estimate on shares of INTEL CORP to $3.50 a share from $4.10 a share. (Reuters 12:29 PM ET 12/15/97) Kirk out suite101.com latest article suite101.com past articles

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