Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 254.72

+0.9%

Dec 1 3:59 PM EST

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To: derek cao who wrote (20732)	6/24/1998 3:39:00 PM
From: Proud_Infidel	Read Replies (2) of 70976

There are now several sources which say demand for INTC's high end chips is picking up. I posted one yesterday; here is the other: Bullish comments from BancAmerica Roberston Stephens helped lift Intel (INTC) 1 to 76 1/4. Analyst Dan Niles doesn't expect Intel to issue an earnings warning for its second quarter because business has picked up this month. Niles believes the company will meet or beat the consensus estimate of 68 cents, andreiterated his strong buy and $100 price target. Niles said demand has accelerated for Intel products since the June 7 price cuts, leading to temporary tightness in markets for high-end and low-end products.

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