Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 34.50

+2.6%

Nov 21 9:30 AM EST

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To: Dale J. who wrote (53415)	4/15/1998 5:57:00 PM
From: Maverick	Read Replies (4) of 186894

Merrill's Kurlak says Intel could hit $60--CNBC. TK is not alone. His INTC outlook resonates w/ others including Briefing.com analysis I posted earlier and INTC mgmt itself. Only INTC buy-back program can marginally prop the stock. NEW YORK, April 15 (Reuters) - Merrill Lynch semiconductor analyst Thomas Kurlak told clients on Wednesday shares of Intel Corp. could fall to $60, according to business cable television station CNBC. Kurlak, a prominent Wall Street analyst, was not immediately available to comment on the report. The stock ended down 1-1/8 to 74-7/8 after hitting an intraday high of 79-1/8. Earlier on Wednesday, Kurlak downgraded Intel to a long-term accumulate from buy after the company reported first quarter earnings of $0.72 per share, including charges, compared to $1.10 per share in the year-ago quarter. "Clearly Intel is struggling and cannot seem to restart revenue growth despite aggressive price cutting and new product introductions," Kurlak said in a research note. His office said Kurlak saw "additional downside" for Intel shares but declined to give a specific target.

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