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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (37191)9/7/2000 6:47:14 PM
From: Gottfried  Read Replies (2) | Respond to of 70976
 
Brian, standing by Intel: got this from Schwab >11:14 AM ET 09/07/00

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. 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.
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