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


To: Road Walker who wrote (103218)5/10/2000 10:58:00 AM
From: Joey Smith  Respond to of 186894
 
re:The only good part of today is that I don't own Motorola

Yup, MOT got whacked with a $200->$120 target reduction. Intel also seems susceptible right now to an analyst attack. I hope a Niles doesn't do an about-face on this stock. Interesting to see if any analysts will defend Intel as well. Intel trading very ugly right now. We'll test support much sooner than later. Oh well, I'll have to buy more shares on the way down...

joey



To: Road Walker who wrote (103218)5/10/2000 11:47:00 AM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 186894
 
Intel sold $74 mln in Micron stock, plans to sell more

WASHINGTON, May 9 (Reuters) - Intel Corp. (NASDAQ: INTC) recently sold about $74 million worth of Micron Technology Inc.'s (NYSE: MU) stock and plans to sell $63.2 million more, according to a Securities and Exchange Commission filing.

Intel sold 1,190,300 common shares of Micron on May 4 and intends to sell an additional 1,032,700 shares, Intel's filing said. The companies are among the world's largest makers of personal computer chips.

Intel, based in Santa Clara, Calif., initially invested in Boise, Idaho-based Micron in October 1998, the filing showed.

Intel closed down 11/16 to 116-15/16 on Nasdaq while Micron fell 2-15/16 to close at 55-7/16 on the New York Stock Exchange.