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


To: Paul Engel who wrote (158852)2/14/2002 9:56:57 PM
From: steve harris  Read Replies (1) | Respond to of 186894
 
pAUL,

A new article on CBS Marketwatch just out.

Intel getting rid of some holdings and employees selling stock; when are you going to take your money and run?

sTeViE



To: Paul Engel who wrote (158852)2/15/2002 12:14:47 PM
From: wanna_bmw  Respond to of 186894
 
RESEARCH ALERT-Nvidia probe of little worry to analysts

(Might be a buying opportunity?)

biz.yahoo.com

NEW YORK, Feb 15 (Reuters) - Two Wall Street firms on Friday downplayed the gravity of Nvidia Corp.'s (NasdaqNM:NVDA - news) disclosure that securities regulators had launched an accounting probe, and both raised their earnings estimates for the graphics chip maker.

After the market closed on Thursday, Nvidia reported a stronger-than-expected rise in fourth-quarter earnings but the report was overshadowed by its announcement that the Securities and Exchange Commission may have questions about its accounting practices.

In a research note, Morgan Stanley analysts Mark Edelstone and John Cross said ``based on its disclosure and our analysis, we believe the accounting issues are relatively benign.'' The Morgan analysts raised their fiscal 2003 earnings per share estimate to $1.85 from $1.50 and their 2004 estimate to $2.15 from $1.85.

Credit Suisse First Boston's Tim Mahon and Bhavin Shah, meanwhile, said the afterhours drop in Nvidia shares following its disclosure presented a good buying opportunity for the stock. The CSFB team raised their 2003 estimate to $1.76 per share from $1.32.

In premarket trading Friday morning, Nvidia shares were down nearly 6 percent at $58.60 from Thursday's regular Nasdaq closing price of $62.16.

wbmw