Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.59

+4.9%

Feb 6 9:30 AM EST

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To: Richard F Hanover who wrote (5523)	11/19/1996 9:42:00 PM
From: Scott Thompson	of 186894

Tom Kurlak at Merrill feels that his 160 12-18 month price target is too conservative. Upped his 97 estimate to $7.70 and feels that earnings may approach $10.00 in 98 - giving him a price target of 190. He still rates this a strong buy and his top pick in the sector. I'm not sure if anyone else covered this recently - Intel does not have enough authorized shares to do a 2 for 1 split at this time. The last time this happened was 2 splits ago. I think they announced the split in the spring subject to a shareholder vote in May and payable in June. I hope we don't have to wait until spring for this one!

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