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

To: Mani1 who wrote (86656)	1/12/2000 2:34:00 AM
From: Petz	Read Replies (2) \| Respond to of 1572573

Here's some quotes from Fahnestock report by Dan Scovel: AMD: BUY. Over 20 Motherboards: Via Technologies announced core logic chip set support for AMD's Athlon microprocessor yesterday, and claims it has begun to ship high volume production quantities to over 20 PC motherboard manufacturers. We missed the customer count, and consider the number worth highlighting as yet another indication of Athlon market acceptance. INTC: HOLD. Upgrade: Robertson Stephens upgraded its rating to Buy from Long-term attractive as part of broader bullishness across the PC space with the passing of Y2K, the emergence of Windows 2000 and the acceleration of server growth. We do not agree with its first two arguments and consider it far from certain that Intel will significantly benefit from accelerating server growth. Science Talent Search: We believe Intel deserves recognition and kudos for reviving this nationwide teenage scholarship program since assuming title sponsorship two years ago. AMD BUY, INTEL HOLD. Here's an analyst with guts! Not afraid to go against the grain. Petz

To: Mani1 who wrote (86656)	1/12/2000 4:24:00 AM
From: tejek	Read Replies (1) \| Respond to of 1572573

Mani and thread, Another article from M. Burstiner, this time on Intel. Good story; she and some of analysts ask the same questions that we are asking on this thread. In addition it turns out Andy Grove goes to the same astrologer as Sanders. Just thought you might want to know!! ____________________________________________________________ Street Shakes Intel Doubts, Sending Shares Higher By Marcy Burstiner Senior Writer 1/11/00 10:57 PM ET SAN FRANCISCO -- The clouds above Intel (INTC:Nasdaq - news) have parted -- at least as far as the Street is concerned. After six months of stagnation in which Intel vacillated between 60 and 90, investors are suddenly piling back into the benchmark chip stock. Intel rose 4.6% Tuesday to 89 11/16, breaking through the previous high reached on Sept. 3. That made for a 14% gain in three days, propelled by earnings upgrades from Robertson Stephens and Credit Suisse First Boston. The bulls say heavy demand for computers pushed up Intel's revenue and earnings in the fourth quarter, when Intel focused on high-margin Pentium 3 chips. Intel will announce results for the quarter Thursday afternoon. Those analysts also expect the current quarter will be a beauty: There will be a post-Y2K spending spree, consumers will rush to upgrade their computers with Windows 2000, any manufacturing problems Intel has had will disappear and prices will stabilize if Intel can turn a nasty war with Advanced Micro Devices (AMD:NYSE - news) into a friendly oligopoly. I think Burstiner is lurking on this thread. On Monday, Robbie Stephens analyst Dan Niles upgraded Intel to buy from attractive, setting a 12-month price target of 100 on the stock. He thinks the debut of Windows 2000 next month will push up sales significantly. "You have the first demand driver on the software side since Windows 95," he says. And pricing may go up as capacity in the chip industry gets even more tight, keeping supply below the level of demand. (Robbie isn't an underwriter of Intel.) "This stock has been a dog for the last nine months. Anyone who has owned this thing has been getting killed," Niles says. "But now I think the market environment Intel is operating under is better." And First Boston analyst Charlie Glavin, who was the first analyst to spot Intel's problems with its Coppermine chip, upgraded the stock Tuesday to strong buy from buy, raising his 12-month price target to 150 from 100. Glavin also cited Windows 2000 as a reason behind the upgrade, as well as Intel's ability to boost earnings by cutting manufacturing costs. (First Boston isn't an underwriter of Intel.) The bullishness isn't universal, though. There remain some pretty big caveats in this upgrade rush, just as there were back in August, the last time analysts seemed so darned sure they would see high profits pouring into the world's biggest chipmaker. Consumers might not rush right out to buy Windows 2000, and the war with AMD could get nastier as the Athlon chip threatens Intel's monopoly of the corporate market. "I'm nervous," says David Risgaard, an analyst at investment adviser North Star Asset Management, which manages about $416 million in its accounts. "I don't have a good feeling on the quarter. Whenever they rise this high, they disappoint." Analysts expect Intel to report profits of 63 cents a share, according to First Call/Thomspon Financial, up from 59 cents a year ago and 42 cents in the third quarter. That's nothing to cheer about, says Merrill Lynch analyst Joseph Osha, since it reflects already lowered expectations. (Merrill is not an underwriter of Intel.) To Osha, the recent rise in the stock results from investors figuring that Intel might not miss its numbers, as some had expected. He's sticking by the accumulate rating he's had on the stock since downgrading it from buy on Nov. 12 based on stiffening competition from AMD and problems Intel had producing its Coppermine chip. Further out, Risgaard says he's feeling better about Intel's future than he did a year ago. His firm began buying back into the stock in June. "It will take awhile for it to be meaningful, but their communications sector will really be humming," he said. --------------------------------------------------------------------------------