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


To: pgerassi who wrote (123559)9/7/2000 11:15:44 AM
From: Road Walker  Read Replies (3) | Respond to of 1570745
 
RESEARCH ALERT-CSFB sees Intel 'demand momentum'
NEW YORK, Sept 7 (Reuters) - Credit Suisse First Boston analyst Charlie Glavin said Thursday he stood by his recent upwardly revised earnings forecast on Intel Corp. (NasdaqNM:INTC - news) and urged investors to look for demand ``well into'' 2001.

-- in a research note, Glavin said he believed Intel was approaching 35 million in committed processor shipments for the third quarter, with about three weeks left in the period.

-- said recent Wall Street concerns about Intel stemmed from ``normal'' seasonal trends and favourable product mix shifts rather than ``incrementally negative trends.''

-- maintained a rating of strong buy with fiscal 2000 earnings estimates of $1.77 per share.

-- shares of Intel were up $2-55/64 to $68-9/16 in late-morning trading on Nasdaq.