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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (2523)9/20/2000 9:44:25 AM
From: Dealer  Read Replies (1) | Respond to of 65232
 
INTC--RESEARCH ALERT-CSFB reiterates Intel strong buy
NEW YORK, Sept 20 (Reuters) - Credit Suisse First Boston analyst Charlie Glavin on Wednesday reiterated his strong buy rating on semiconductor maker Intel Corp. (NasdaqNM:INTC - news), with a target price of $100.

In a research report, Glavin said:

-- weakness in the stock was overdone because the company has bright long-term prospects.

-- he expects the company to post revenue growth of between 8 and 10 percent at least when it reports quarterly results in two weeks.

-- growth will be slower than his initial forecasts of between 12 and 15 percent because of weak demand from Europe.

-- he sees stronger growth in the next quarter amid rising European orders and demand for laptops and servers.

Intel shares were up 3/4 at $61-1/8 in early Nasdaq trading.