Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.22

-0.7%

Feb 9 3:59 PM EST

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To: Reginald Middleton who wrote (4036)	10/11/1996 9:19:00 AM
From: James Tan	of 186894

To all, Another upgrade from Morgan Stanley. I sold some of my INTC yesterday but fortunately bought Nov 100 call option in anticipation of a good earning report. The stock is going to open at 102. From briefing: Intel (INTC) 99 7/8 Morgan Stanley upgrades to Strong Buy from outperform. Broker raises current quarter estimate to $1.31 from $1.19. This is a big jump for late in the quarter and compares to expectations of about $1.23, so Morgan apparently wants to be on the high end. Also raises 1996 fiscal year estimate to $5.00 per share from previous $4.65, and 1997 fiscal year to $6.50 from previous $5.80. Should help stock this morning.

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