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Technology Stocks : Intel Corporation (INTC)

INTC 41.34

-0.4%

Oct 29 3:59 PM EDT

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To: MR. PANAMA (I am a PLAYER) who wrote (62854)	8/20/1998 8:50:00 AM
From: billwot	Read Replies (4) of 186894

Thread-Briefing.com's comments on Kurlack's downgrade: 08:41 ET Kurlak Slams Chips, Again: Merrill Lynch chip guru Tom Kurlak lowers long-term rating on Intel from "attractive" to "neutral" and reduces long-term view on Texas Instruments (TXN) from "buy" to "attractive." Says that though there is a shortage of low-end chips, this lower margin business does not compensate for the glut of high-end chips still in the channel. Kurlak has been correct on his call that fundamentals of chip makers, particurly Intel, are lousy and only getting worse. Unfortunately, for Mr. Kurlak, the market has not concerned itself with fundamentals and have driven INTC shares higher. billwot

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