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

To: Road Walker who wrote (102884)	4/25/2000 1:49:00 AM
From: denni	Read Replies (1) \| Respond to of 186894

Intel best large-cap chip co for 2000 -Morgan Stanley NEW YORK, April 24 (Reuters) - Intel Corp. (NASDAQ: INTC) is set to grow at an accelerating pace for the rest of the year and is positioned to deliver the best stock performance of any large-capitalization stock in the computer chip industry, an influential semiconductor analyst said on Monday. Mark Edelstone, an analyst with Morgan Stanley Dean Witter, said he told his sales force Monday afternoon he saw solid growth in Intel's first-quarter results, traditionally its softest quarter, and a strong outlook for the year. "Intel had a decent Q1. Q2 is normal and we'll see stronger results as we move through the year," he told Reuters after the talk to his sales force. Edelstone said he believed Intel would confirm at its semi-annual analyst meeting that its outlook remains upbeat for the rest of 2000, with its best results expected in the second half of the year. The meeting is scheduled this Thursday in New York. "We will see better-than-expected PC growth thanks to a strong econmy, the Windows 2000 upgrade cycle and a big uptick in the price/performance of PCs running Intel chips in the second half," he said, ticking off the factors driving demand for the company's computer chips. Shares of Intel were up 3/4 at 116-1/8, defying a sharp sell-off on the Nasdaq market sparked by Microsoft Corp.'s (NASDAQ: MSFT) warning that it expected slow revenue growth in its fiscal years ending June 2000 and 2001. Intel dominates the market for personal computers running Microsoft Windows software and as such typically trades in sympathy with Microsoft shares. That was not the case on Monday however, as Microsoft shares fell 12-5/16 to 66-5/8.