BedTime for Intel or Kurlak??? Message Board

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Strategies & Market Trends : BedTime for Intel or Kurlak???

INTC 40.48

-2.1%

3:23 PM EDT

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To: JR Medlar, 2nd who wrote ()	4/15/1998 6:14:00 PM
From: JR Medlar, 2nd	Read Replies (2) of 29

Merrill's Kurlak says Intel could hit $60--CNBC NEW YORK, April 15 (Reuters) - Merrill Lynch semiconductor analyst Thomas Kurlak told clients on Wednesday shares of Intel Corp. (INTC - news) 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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