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

To: GVTucker who wrote (109906)	9/14/2000 6:54:33 AM
From: GVTucker	Read Replies (1) \| Respond to of 186894

Thread, FYI, here's Whittington's history of his recommendation changes since joining Montgomery: 9 Aug 99--buy (stock opens at 35 15/16) 24 Nov 99--upgrade to strong buy (39 31/32) 13 Sep 00--downgrade to market perform (61 11/16)

To: GVTucker who wrote (109906)	9/14/2000 7:29:17 AM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Taiwan's TSMC sees 2000 net up 160.6 pct TAIPEI, Sept 14 (Reuters) - World microchip foundry leader Taiwan Semiconductor Manufacturing Corp (NYSE:TSM - news) on Thursday forecast its 2000 net profit would soar 160.6 percent to T$64.002 billion ($2.06 billion) from a year earlier on strong global demand. TSMC painted a rosy picture despite the worries of Wall Street analysts about the outlook for U.S. microchip shares. TSMC said in a statement pre-tax profit would jump 160.8 percent to T$62.88 billion in 2000 from the year earlier, with demand for microchips far exceeding capacity. It said its capacity utilisation rate far exceeded 100 percent. The company set its 2000 sales target at T$164.869 billion, up 125.4 percent from last year. Its earnings per share were expected to rise to T$5.61 in 2000 from T$3.24 in 1999. U.S. semiconductor shares faced a downward correction after Wall Street analysts recently cut their ratings. Bancorp/Piper Jaffray cut its rating on Intel Corp (NasdaqNM:INTC - news), the world's number one semiconductor manufacturer, to a buy from a strong buy earlier this month, citing unexpected weakness in demand. Donaldson Lufkin & Jenrette cut its rating on Micron Technology (NYSE:MU - news) to underperform from buy earlier this month and set a price target of US$50 on the stock. On Thursday, TSMC shares fell T$4 to T$120 in line with a 3.24 percent drop in the benchmark TAIEX (^TWII - news) market. On Wednesday, Intel shares fell US$3-11/16 to $61-1/4 while Micron shares rose $2-15/16 to $66-1/16. ($1 equals T$31)