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Technology Stocks : Intel Corporation (INTC)

INTC 38.44

+0.7%

3:59 PM EST

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To: Ibexx who wrote (61353)	7/29/1998 12:08:00 AM
From: Night Writer	Read Replies (1) of 186894

Gruntal & Co analyst Mona Eraiba upgraded INTEL CORP to a buy from a hold. "The worst is behind the company", Eraiba said in a research note. She said Intel is "escalating its drive to stimulate market demand for PCs as well as reclaiming its market share at the low-end." She said she expects gross margins of 49% in the 2Q market the bottom. She also said Intel's yield and cost reductions are ahead of plan and the improvement will be more apparent as unit volume accelerates in the second half of 1998. Set a 12-month price target of $105, with a 28.3 times multiple to a 1999 earnings per share estimate of $3.70. (Reuters 09:19 AM ET 07/28/98) For the full text story, see infobeat.com Sorry if this is a repeat. NW

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