Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Jeffrey D who wrote (9083)	3/23/1999 2:42:00 PM
From: FJB	of 42834

From today. Dow Jones Newswires NEW YORK -- Merrill Lynch & Co. analyst Joe Osha reiterated his near-term accumulate and long-term buy ratings on Intel Corp. (INTC), saying recent weakness in the stock may stem from overwrought concerns. Intel closed Monday at 115 1/8, down 3 7/8, or 3.3%, and recently traded at 114 3/4, down 1/4, or 0.2%. Osha said the stock fell Monday because of new data indicating retail PC sales in February were soft. But he said February was an "unusual month" because Intel introduced its new Pentium III chip, causing a hiccup in demand. "We suspect that many buyers may have been waiting either for (Pentium III) product introductions or for anticipated (Pentium II) product price declines accompanying the Pentium III introduction," Osha wrote in a research note Tuesday. "If March PC Data numbers show weak (year-to-year) unit comparisons, we'll be more worried."

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