st*v$* - Our Very own SI Den Mother and Dell Site Sniffer !
Re: "With Grove not around anymore, it must be difficult watching inTeL going down the toilet. "
Down the toilet?
Intel set an ALL TIME HIGH today - its TWENTY FIRST ALL TIME HIGH since November !!
Are you working over-time at being a fool?
Sorry - my mistake - you don't have to work hard at all to be a fool!
And look what a noted Industry Analyst predicts about Intel:
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Monday March 13, 2:03 pm Eastern Time
Company Press Release
Robertson Stephens Upgrades INTC to a Strong Buy Rating
SAN FRANCISCO--(BUSINESS WIRE)--March 13, 2000--Robertson Stephens Managing Director and Senior Electronics Analyst Daniel Niles today upgraded Intel Corporation (NASDAQ:INTC - news) to a Strong Buy from a Buy.
``After upgrading Intel to a Buy on January 10 at $82, we believe the company's first quarter is looking even stronger than we anticipated,' said Niles. ``We believe the January momentum continued through February and into March. Both billings and bookings are near the record levels achieved in the fourth quarter with processor availability being the only limit to upside, in our opinion. We believe that PC demand has been so strong that Intel will not be able to satisfy demand until the second quarter, versus the original expectation of the first quarter.'
``We believe cost reductions are going quite well, especially in the conversion to flip chip packages. We believe that total PIII production costs will have declined by 50 percent by the end of this year, versus the end of last year.' said Niles. ``In addition, the conversion to 0.18u from 0.25u seems to be on track with 50 percent by mid-year and 100 percent conversion by year end.'
``We believe a solid fourth quarter, followed by a strong first quarter and great second quarter outlook will start a multiple expansion that accelerates as the year progresses. We believe a multiple of 50 to 60 times calendar year 2000 earnings is possible, versus the current multiple which is in the high 30s' said Niles. ``As a result, we are raising our rating on Intel shares to Strong Buy and we are pulling in our $150 price target from year-end to mid-year. '
Clients interested in receiving more information should contact their salesperson at (415) 781-9700.
Robertson Stephens is the leading full-service investment bank focused exclusively on growth companies. In 1999, the firm completed 218 public offerings and 66 private offerings, raising more than $40 billion in capital for clients. In addition, the firm advised on over 85 M&A transactions in 1999 with an aggregate value in excess of $60 billion. The firm's 47 equity research analysts cover nearly 700 companies. Founded in 1978, Robertson Stephens (Legal name: FleetBoston Robertson Stephens Inc.) is a section 20 subsidiary of FleetBoston Financial Corporation (NYSE: FBF - news) and a member of the NASD and all major exchanges. Together, Robertson Stephens, FleetBoston Robertson Stephens International Ltd., and Robertson Stephens Evergreen Securities Ltd. has over 1,000 employees worldwide with offices in Boston, San Francisco, New York, Menlo Park, Chicago, London, Munich and Tel Aviv.
The foregoing synopses are qualified in their entirety by the more detailed information contained in the full research reports, including the discussion of certain risks associated with an investment in the above-mentioned securities contained in ``Investment Risks.'
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 FleetBoston Robertson Stephens Inc., 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.' FleetBoston Robertson Stephens Inc. 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, FleetBoston Robertson Stephens Inc. 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. FleetBoston Robertson Stephens Inc., 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. FleetBoston 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 Fleet Bank or BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested.
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Intel Corp (NasdaqNM:INTC - news)
Related News Categories: banking, computers, semiconductors
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