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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (80575)	11/20/1999 6:17:00 PM
From: tejek	Respond to of 1571973

This release's sole purpose is to keep the momentum going on the recent increases of intc's stock price. Nonetheless, it has some interesting content. I am struck particularly by the research analyst's comments re AMD being sold out at both the low AND HIGH END, and that ASIA/JAPAN mostly is responsible for the upside. Interesting news!!! If all of AMD's Athlons that are produced are sold, I think there will a significant jump in ASP's. What do you think? ____________________________________________________________ RESEARCH ALERT-Intel <INTC.O> price target raised CHICAGO, Nov 19 (Reuters) - ABN AMRO said Friday it raised its price target on Intel Corp. to $85 per share from $80, saying the world's biggest chip company may report better-than-expected fourth-quarter earnings. Analyst David Wu also raised his fourth quarter earnings estimate for Intel to 65 cents per share from 62 cents. "It now appears that Intel is positioned to surprise on the upside for a change when its results are reported in January 2000, relative to current First Call consensus of 63 cents," Wu said. He noted that Intel missed the consensus estimate by 2 cents a share in each of the last two quarters, but said that situation was likely to reverse in the fourth quarter. "Clearly PC demand exceeds supply of X86 microprocessors in the fourth quarter since both Intel and Advanced Micro Devices are reporting sold-out conditions for their respective families of low-end and high-end processors," Wu said in a research note. "Apparently, both Asia/Pacific and Japan are where the upside surprises come from." "With demand particularly strong for the higher ASP Pentium II/III desktop and mobile Pentiums, it should benefit the (fourth quarter) gross margin and revenues," Wu said. "We have increased our gross margin assumption for the quarter from 61.5 percent to 62.5 percent and revenues from $8.0 billion to $8.1 billion and raised our EPS estimate from $0.62 to $0.65." Shares in Intel closed up 1-3/8 at 79-7/8 on the Nasdaq. 17:12 11-19-99 Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.