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

To: Proud_Infidel who wrote (85672)	7/14/1999 12:40:00 PM
From: Alok Sinha	Read Replies (2) \| Respond to of 186894

I don't see much of an issue with Intel's valuation - the PE is well supported by Earnings growth - short term hiccups notwithstanding. My comments regarding valuations were specific to the internet / e-commerce sectors. Incidentally, I saw Dan Niles' interview on CNBC - you have to give credit to him for calling the numbers right - Cramer tried to needle him about being right about earnings but wrong on the stock, and I though he defended his viewpoint well. Although I hold the stock I am prepared for short term weakness in the stock based on his comments. To be honest today's point gains do appear manufactured.

To: Proud_Infidel who wrote (85672)	7/14/1999 12:59:00 PM
From: Gerald Walls	Respond to of 186894

It sure will suck when all the morons go home and the Real Traders get off of the LIRR. BTW, from companysleuth.com Date Broker Comment 7/14/99 Abn Amro downgraded from buy to outperform, lowered target from $78 to $73, lowered 99 estimate from $2.45 to $2.30, lowered 00 estimate from $2.90 to $2.70 7/14/99 Brown Brothers reiterates neutral ST & LT, lowered 99 estimate from $2.20 to $2.19 7/14/99 First Boston reiterates buy, target $75, reported 2nd quarter EPS of $0.51 falls short of estimates 7/14/99 Goldman Sachs reiterates recommended list buy, lowered 1999 from $2.30 to $2.27, 2000 estimates $2.75 7/14/99 Gruntal & Co. reiterates strong buy, lower 99 and 00 estimates by $0.07, target $85 7/14/99 Josepthal & Co. reiterates buy, reported 2Q EPS below estimate, reduced 1999 and 2000 estimates, pull-back in share price would represent a buying opportunity. 7/14/99 Merrill Lynch reiterates 1-1 rating, revised growth margin target upward for rest of 1999 7/14/99 Morgan Stanley Dean Witter reiterates outperform, reported $0.51 versus our estimate of $0.53, maintain estimate on belief that expectations for a seasonal up-tick 7/14/99 Paine Webber reiterates buy, guidance positive 7/14/99 Prudential reiterates strong buy, target $98, reduced 99 estimate from $2.35 to $2.29, reduced revenue estimate 7/14/99 Salomon Smith Barney upgrade from outperform medium to buy medium, target $85 7/14/99 SG Cowen reiterates neutral, margins & revenues are moving in opposite directions, reported June earnings of 0.51