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

To: Tony Viola who wrote (94121)	12/15/1999 8:40:00 PM
From: Paul Engel	Read Replies (1) \| Respond to of 186894

Tony & Intel Investors - More UPBEAT Comments from A Few Analysts Check out THIS comment : "CIBC Oppenheimer analyst Ken Pearlman said Intel remains upbeat about the quarter and reiterated its very positive stance about fourth quarter results. In late October, Intel said it expected a record quarter in the last three months of this year. ''Things are looking very good to them,'' said Pearlman, who has a 'buy' rating on Intel's shares. ''The last time I spoke to them the guidance was so strong and (this time) they did not back off.'' " Paul {==============================} biz.yahoo.com Wednesday December 15, 6:49 pm Eastern Time Intel shares lifted by bargain hunting, Windows 2000 By Franklin Paul NEW YORK, Dec 15 (Reuters) - Intel Corp.(NasdaqNM:INTC - news) shares rose 9 percent on Wednesday, driven by bargain hunting and news that Microsoft Corp.'s (NasdaqNM:MSFT - news) Windows 2000 operating system, which will run on computers using Intel chips, has gone to manufacturers. Intel's shares rose to 78-15/16, up 6-1/2, after touching a session high of 79-15/64. More than 39 million shares changed hands. Analysts viewed the rise as a recovery following a sharp drop in the semiconductor sector in the past week, including a steep decline on Tuesday, when the Philadelphia Stock Exchange's semiconductor index (^SOXX - news) fell some 7 percent. ''This feels like a recovery after yesterday's slaughter,'' said Dan Scoval, an analyst at Fahnenstock and Co., who linked Tuesday's slump to profit-taking. ''The (index) was down about 42 points, which is the equivalent of about 800 Dow points,'' said A.G. Edwards & Sons analyst Chris Chaney, referring to the Dow Jones Industrial Average. ''That was a pretty severe drop in one day.'' Still, Scovel notes that, even after the drop, many of the top stocks in the sector are still sharply higher this year. Indeed, at about 606, the Philadelphia index is up about 71 percent in 1999. Intel shares have risen some 30 percent. Also contributing to the slide in Intel and other chip stocks was a revenue shortfall reported by contract computer maker Solectron Corp. (NYSE:SLR - news), whose first quarter results sparked concerns about a possible computer industry inventory buildup. But Chaney said the slump presented a buying opportunity for investors hungry for blue chip technology stocks at bargain prices. ''We are telling our brokers on (price) pullbacks to start looking at buying the good quality stocks like Intel,'' said Chaney, who rates Intel shares at ''accumulate.'' Moreover, investors were encouraged on Wednesday by Microsoft Corp.'s Windows 2000 announcement. Microsoft, whose desktop Windows applications have up to 90 percent of the market, will release the software in 16 languages in February. ''Some folks are excited about the fact that Microsoft Windos 2000 is being released,'' said Scoval, whose 'hold' rating reflects his concerns about growth in coming quarters. ''You say 'Microsoft' and (PC chip makers) Intel and Micron get an updraft.'' The shares of memory chip maker Micron Technology Inc. (NYSE:MU - news) also rose on Wednesday, rising 3-11/16 to 66-1/8. CIBC Oppenheimer analyst Ken Pearlman said Intel remains upbeat about the quarter and reiterated its very positive stance about fourth quarter results. In late October, Intel said it expected a record quarter in the last three months of this year. ''Things are looking very good to them,'' said Pearlman, who has a 'buy' rating on Intel's shares. ''The last time I spoke to them the guidance was so strong and (this time) they did not back off.'' Late Wednesday afternoon, the Philadelphia semiconductor index was up about 3 percent to 605. --------------------------------------------------------------------------------