Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: carl a. mehr who wrote (85695)	7/14/1999 3:06:00 PM
From: Neal davidson	Read Replies (2) \| Respond to of 186894

Thread: Niles' report is out: biz.yahoo.com Wednesday July 14, 2:38 pm Eastern Time Company Press Release SOURCE: BancBoston Robertson Stephens BancBoston Robertson Stephens Maintains Long-Term Attractive Rating on INTC SAN FRANCISCO, July 14 /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 semiconductor devices analyst Daniel T. Niles today maintained his Long-Term Attractive rating on Intel Corp. (Nasdaq: INTC - news). Intel supplies the computing industry with the chips, boards, systems and software that are the ingredients of computer architecture. ''We are maintaining our Long-Term Attractive rating on Intel following the company's second-quarter-earnings announcement,'' said Niles. ''As forecast, Intel reported lower-than-expected earnings-per-share of $0.51, on revenues of $6.75 billion, in-line with our $6.75 billion estimate. Going forward, we maintain our Street-low fiscal 1999 and fiscal 2000 earnings-per-share estimates of $2.19 and $2.40, respectively. ''Intel expects flat sequential ASPs and a nearly $2 million quarter-to-quarter unit increase. While we believe the unit forecast is possible, assuming Intel maintains market share versus AMD, we believe flat ASPs will be hard given that AMD will be shipping Athlon in August,'' said Niles. ''In our view, the only way to maintain the market-share is through price. We believe that you cannot have both a unit uptick and price stability,'' said Niles. ''We therefore, maintain our cautious stance with the stock going into the summer.'' 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