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Technology Stocks : Intel Corporation (INTC)

INTC 38.16

+2.5%

Nov 7 9:30 AM EST

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To: Ibexx who wrote (63046)	8/21/1998 5:09:00 PM
From: Ibexx	Read Replies (1) of 186894

Thread, More on P-J's upgrade: ____________ Ciena shares fall 45 percent Intel rated 'strong buy' on outlook for futureÿ By Krishnan Padmanabhan, CBS MarketWatch Last Update: 4:34 PM ET Aug 21, 1998 Silicon Stocks Piper Jaffray analyst Ashok Kumar rated Intel Corp. a "strong buy," saying the company's outlook is the strongest it's been in several quarters. ÿThe company (INTC) expects stable average selling prices to drive up third-quarter revenues by 8 percent, Kumar noted.ÿThe recommendation comes several days after a downgrade by Merrill Lynch. The bellwether chip maker plans to launch the new Celeron chip Monday to compete with Advanced Micro Devices Inc.'s (AMD) K62 chip.ÿShares of Intel closed down 1 to 85, and shares of AMD fell 1/4 to 17 9/16 Friday. ...... Ibexx

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