Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Paul Engel who wrote (38954)	10/9/1998 8:01:00 PM
From: Maverick	Read Replies (1) of 1572780

Ashok Kumar is kissing INTC by maintaining an aggressive strong buy but pooh-pooh AMD with a neutral rating. It looks like Kumar is preparing for a battle against the famed Kurlak. Piper Jaffray analyst Ashok Kumar raised his 3Q and 4Q earnings estimates on INTEL, saying that revenue growth in the September quarter should be stronger than Intel's guidance. Kumar raised his 3Q estimate to $0.84 a share, from $0.80 a share previously, to reflect 13% sequential revenue growth in the 3Q. "We estimate that revenue growth for the September quarter should be stronger than the guidance of 8-10% sequential growth," Kumar said in a note to clients, referring to Intel's pre-announcement last month of a better than expected 3Q, due to strong demand in North America and Europe, across all product lines. Kumar also raised his 4Q estimate to $0.92 a share, from $0.86 a share previously. Kumar said he maintains an aggressive strong buy on the stock, with a price target of $105. (Reuters 01:02 PM ET 10/09/98)

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