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

To: Proud_Infidel who wrote (105941)	7/19/2000 10:19:09 AM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 186894

INTC - also upgraded to "Strong Buy" by H & Q today! Should rise to $ 85, post split, by year end!

To: Proud_Infidel who wrote (105941)	7/19/2000 10:34:26 AM
From: Ram Seetharaman	Respond to of 186894

Wednesday, July 19, 2000 Intel up on bullish outlook --9:40 am - By Tomi Kilgore Intel (INTC: news, msgs) is rallying 2 9/16 to 145 9/16. The chip titan said late Tuesday that its net income excluding acquisition-related costs was $3.5 billion, or 50 cents a share on a post-split basis. Excluding the costs and pre split, Intel earned $1 a share, which is two cents above the First Call estimate of 98 cents, including gains and excluding goodwill. Sales for the period reached $8.3 billion, a jump of 23 percent from the year-ago revenue of $6.7 billion. "Looking forward, we expect to see strong demand continue into the second half," said Chief Executive Officer Craig Barrett. CS First Boston analyst Charlie Glavin raised his price target on the stock to a pre-split $200. He said that guidance for "up revenue" given by the company "is the most bullish outlook" Intel has given for its third quarter.