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

To: Road Walker who wrote (109951)	9/14/2000 3:34:40 PM
From: tejek	Respond to of 186894

John and the Intel thread From the AMD mod thread, here is the full report re the ABN AMRO upgrade. It seems the different analysts need to get in sync. They are looking more stupid than usual. I think the note at the bottom is particularly useful.....wasn't AMD the one with the demand problem? ____________________________________________________________ 07:25am EDT 14-Sep-00 ABN AMRO Inc. (Wu,David 415/983-2916) INTC DELL GTW MU SC Intel Corporation: Worries About 3Q PC Demand Unfounded, Upgrade To Buy ....................................... Highlights: - We are upgrading our rating from Outperform to Buy with a 12-month price target of $78, which is a P/E of 40 times our calendar 2001 EPS estimate. - Recent indications from direct PC vendors - Dell Computer (NASDAQ: DELL-$36.25, N/R) and Gateway (NYSE: GTW-$58.65, N/R) indicate 3QCY2000 is off to a typical seasonal pick-up. - The SCI Systems (NYSE: SCI-$45.81, N/R) pre-announcement of a PC-related shortfall of $100 million out of a revenue base of $2 billion in 3QCY2000 does not appear to reflect an industry-wide trend. - The very well attended ABN AMRO sponsored conference call with Micron Technology (NYSE: MU-$66.06, Top Pick) on 9/13, reassured us that 3QCY2000 demand from major PC OEMs is normal. ------------------------------------------------------------------------------- Reason for Note: Jitters about PC demand create favorable risk/reward We urge investors to take advantage of the window of opportunity provided by weakness in Intel's share price caused by concerns about demand that we believe are misguided.