Intel Corporation (INTC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC)

INTC 40.56

+10.3%

12:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mary Cluney who wrote (45557)	1/14/1998 3:43:00 PM
From: Joey Smith	Read Replies (1) of 186894

Kumar (he's the guy who predicted $1.05) still bullish on Intel. Says $100 within months...excerpt from InfoWeek Daily: joey Ashok Kumar, an analyst with Lowenbaum & Co. in Austin, Texas, says profits declined in the fourth quarter largely because of Intel's transition from Pentium to Pentium II processors. The Pentium IIs are priced higher than Pentiums but use more costly packaging and therefore have a lower gross profit margin. Intel expects revenue in the first quarter of 1998 to be approximately the same as the fourth quarter of 1997. The company expects gross profit margin to dip from 59% in the fourth quarter to about 55% for 1998. Still, Intel's future remains bright, Kumar adds. "We're looking at mid- to high-teens growth rate in the PC industry, which should bode well for Intel," he says. Kumar expects Intel's share price to approach $100 within months. The stock closed Tuesday at $76.38.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next