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Technology Stocks : Intel Corporation (INTC)
INTC 36.08-3.2%3:59 PM EST

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To: John Koligman who wrote (64987)9/17/1998 11:15:00 AM
From: Paul Engel  Read Replies (2) of 186894
 
Intel Investors - Kurlak Upgrades AMD after Stating that he sees NO REAL UPTREND IN SEMICONDUCTOR MARKET.

Has any one ever seen such Kurlak Krapola before ?

Paul

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Thursday September 17, 10:47 am Eastern Time

RESEARCH ALERT - Merrill ups AMD estimate

NEW YORK, Sept 17 (Reuters) - Merrill Lynch said Thursday it raised its 1999 earnings estimate on shares of Advanced Micro Devices Inc. to $0.70 a share from break even, citing the greater success of the new K6 chip.

-- Now expects AMD to turn profit of $0.14 a share in fourth quarter compared to previous break-even estimate.

-- Expects AMD to report loss of $0.96 a share in 1998.
-- Stock up 1-3/8 to 18-1/8.
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