Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 46.47

-4.5%

Jan 30 9:30 AM EST

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To: Paul Engel who wrote (60407)	7/15/1998 12:45:00 PM
From: DownSouth	of 186894

Bear Stearns, Intel -2: Ups 1999 Net View 10c, To $3.50/Shr NEW YORK (Dow Jones)--Bear Stearns & Co. upgraded Intel Corp. (INTC) to buy from neutral, analyst Andrew Neff said. Neff said his 1998 earnings estimate remains $3 a share for 1998, but he increased his 1999 earnings estimate to $3.50 a share from $3.40. "We think the company could be at an inflection point in view of signs that (the PC) inventory correction is easing," Neff said. He added that the high-end Xeon microprocessor should have a positive impact on Intel earnings.

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