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

To: Gerald Walls who wrote (92219)	11/12/1999 11:45:00 AM
From: Jim McMannis	Respond to of 186894

RE:"Before you get too gleeful, just remember that AMD has never not screwed up yet"... I'm not gleeful at all. Just hope to buy Intel at lower prices... Jim

To: Gerald Walls who wrote (92219)	11/12/1999 1:28:00 PM
From: Gutterball	Read Replies (1) \| Respond to of 186894

Intel Falls With Merrill Downgrade NEW YORK (Reuters) - Shares of No. 1 semiconductor maker Intel Corp (Nasdaq:INTC - news)., a new component of the Dow Jones industrial average, fell more than 5 percent on Friday after a downgrade from Merrill Lynch. Intel was down 4-7/16 at 75-1/2, off a session low of 74. It was the second most-active stock on the Nasdaq market. The drop in Intel helped send the Dow lower. The index was off 4 points, or 0.04 percent, at 10,591, down from a day's high of 10,676.65 points. The Philadelphia Stock Exchange semiconductor index also slumped, dropping almost 4 percent. Merrill analyst Joe Osha cut his rating on Intel to near-term accumulate from buy, a spokesman for the brokerage said. ''The number of challenges facing (Intel) for the next 12 months continues to mount,'' Osha wrote in a report. He cut his price target on the stock to $90 from $100. He also trimmed the outlook for fiscal 2000 earnings per share to $2.55 from $2.69. Worries include disruption of Intel's plans to launch a memory product tied to Rambus Inc (Nasdaq:RMBS - news). as well as competitive pressure from Advanced Micro Devices Inc (NYSE:AMD - news). Advanced Micro told analysts on Thursday that it would unexpectedly break even in the fourth quarter after a string of losses. Osha added that next year's launch of the IA-64, the next generation of major Intel chips, ''will prove disappointing to investors who have high expectations for the first generation of that product.'' Rambus shares tumbled with Osha's comments, falling 6-7/8 to 81-7/8.