Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: Yaacov who wrote (20136)	7/13/1998 1:20:00 PM
From: Tony Viola	Read Replies (2) of 27012

Yaacov, all, here's more detail on the Piper Jaffray (Ashok Kumar) raising of INTC 2Q earnings estimate and target price. Ciao, Tony Monday July 13, 10:34 am Eastern Time RESEARCH ALERT - Intel Q2 surprise seen NEW YORK, July 13 (Reuters) - Piper Jaffray said Monday that analyst Ashok Kumar raised his second quarter earnings estimate for Intel Corp. to a level above Wall Street's consensus, a day before Intel was scheduled to report results. -- Raised estimate to $0.70 a share from $0.62. Increase took Kumar's estimate above First Call's consensus estimate of $0.68 a share. -- In a note, Kumar cited expectations of strong June sales, fueled by price reductions and special pricing deals, for his expectation Intel would top consensus estimates. -- Also raised target price to $95 a share from $85, adding, ''The June quarter upside surprise represents a (short-term) trading opportunity to $85.'' -- Intel is expected to report second quarter earnings after Tuesday's close. Shares of Intel rose 1-5/16 to 81-1/16.

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