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

To: Yaacov who wrote (109925)	9/14/2000 12:52:19 PM
From: Bob Kim	Read Replies (3) \| Respond to of 186894

Yaacov, The UBS thing could be an approved buy list for the asset management side and be totally independent of the sell-side analyst. Maybe INTC's weakness triggered a valuation flag which put in on a buy list. The sell-side and buy-side parts of a firm do not necessarily agree on stocks. A couple years ago, Kurlak lowered INTC's rating from 3-2 to 3-3. By taking that last step, he made it nearly impossible for a ML broker to solicit a purchase for a client. The broker would have to get a waiver or mark the trade as "unsolicited". Around the same time at least one ML tech fund manager was positive on it and apparently accumulating. Kurlak ended up upgrading INTC in late Dec 98. Sometime after, theStreet.com published a story saying that ML brokers were buying it well before then. Regardless of the rating, INTC has been among the top 20 most popular stocks held in ML accounts.