INTEL CORP could see an upside surprise of up to $0.15 a share
in the 4Q, up from Wall Street's current consensus estimate, said
Ashok Kumar, an analyst at Loewenbaum & Co Inc. Kumar said that he
is looking for an upside surprise because flash memory prices have
stabilized, and he believes Intel's gross profit margins have
recovered to the 60% level Intel reported in the 2Q. According to
First Call, the consensus on Wall Street for Intel's 4Q is $0.90 a
share. Kumar also warned of an inventory build-up of notebook
processors, both with original equipment manufacturers and in the
distribution channel. He expects as a result, significant price
cuts by Intel in the near-term to clear inventory. (Reuters 12:12
PM ET 01/05/98) For the full text story, see
infobeat.com
SUN MICROSYSTEMS INC is poised to rebound after its recent
share-price slump, according to an article published on Sunday in
Barron's. But Wall Street analysts who are bullish on Sun see it
reaching 60 at some point this year, citing among other factors
the perception than Sun is holding its own so far against
MICROSOFT CORP's NT operating system. Sun boosters also cite the
company's agreement to work with INTEL CORP, Microsoft's longtime
ally, to make Sun's Solaris operating system run on Intel's new
Merced microprocessor. (Reuters 07:05 PM ET 01/04/98) |
