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

To: Bob Kim who wrote (109930)	9/14/2000 1:01:59 PM
From: Burt Masnick	Read Replies (1) \| Respond to of 186894

In that famous indident Kurlack downgraded Intel (around 55 I think) and then upgraded it around 75 (this is a couple of splits back). Louis Rukeyser made fun of him on Wall Street Week, arguing that it was hard to understand how it was more desireable to buy it a few weeks later at 75 then to short it or sell it at 55. That was the beginning of the end for Kurlack, who was then berated humerously but publicly by Craig Barrett at a stockholder's meeting for preventing Merrill Lynch customers from being holders of Intel. That was the beginning of some great posts on SI about why analysts try to become the AXE on big stocks (because they are rewarded lavishly for that status).

To: Bob Kim who wrote (109930)	9/14/2000 1:13:59 PM
From: Road Walker	Read Replies (1) \| Respond to of 186894

Bob, I visited your web site, shouldn't ML be upgrading INTC because of it's current price weakness? John

To: Bob Kim who wrote (109930)	9/14/2000 1:23:01 PM
From: Yaacov	Read Replies (1) \| Respond to of 186894

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."" Bob, you could be very much correct in your assertion. But I see a more dark side to this affair. Could it be that they down-grade to creat a buying opportunity, and then let some other friends up-grade so they can make their performance look good? After all who these analysts work for! They can always say that they did no wrong, they down-graded the strong buy to buy!