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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (84978)	7/6/1999 1:49:00 PM
From: L. Adam Latham	Read Replies (2) \| Respond to of 186894

Robert: Re: Dan Niles once again shouted "SELL" this morning. Below is the full text of his latest "SELL" call. It's weird that he's lowering his estimate to $0.52, but then is quoted as saying he predicts INTC will have earnings of $0.51. This guy just can't seem to make up his mind about anything, other than to consistently scream "SELL Intel". Adam biz.yahoo.com Tuesday July 6, 12:29 pm Eastern Time Company Press Release SOURCE: BancBoston Robertson Stephens BancBoston Robertson Stephens Lowers Estimates, Maintains Long-Term Attractive Rating on INTC SAN FRANCISCO, July 6 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens managing director and senior communications and semiconductor devices analyst Daniel T. Niles lowered estimates on Intel Corp. (Nasdaq: INTC - news), while maintaining his Long-Term Attractive rating. Intel supplies the computing industry with the chips, boards, systems and software that are the ''ingredients'' of computer architecture. ''We are lowering our second quarter, fiscal 1999 and fiscal 2000 earnings-per-share estimates on Intel from $0.53 to $0.52, from $2.25 to $2.19 and from $2.55 to $2.40, respectively,'' said Niles. ''We note that the First Call consensus for second quarter 1999 is $0.53, $2.32 for fiscal 1999 and $2.70 for fiscal 2000. While our fiscal 1999 estimate is now the Street low, we are comfortable with this projection and believe it could go lower.'' ''We expect Intel to report first quarter earnings-per-share of about $0.51 on revenues of approximately $6.75 billion,'' said Niles. ''We believe that units were slightly less than 25 million versus 26 million in the first quarter, with ASPs of about $210 to $212 versus about $219 last quarter. We had estimated that units would increase by about 1 percent quarter-to-quarter, with ASPs down about 1 percent.'' ''We believe that much like the first and second quarters, the outlook for the third quarter will deteriorate as the period progresses,'' said Niles. ''We would recommend selling Intel shares on the recent strength.'' Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in ''Investment Risks.'' BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE: BancBoston Robertson Stephens