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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (6454)	7/14/2003 9:48:27 AM
From: chomolungma	Read Replies (2) \| Respond to of 25522

ML upgraded INTC to a buy: Excerpt: We are raising our investment recommendation for Intel from neutral to buy, and establishing a price objective of $29. We believe that the street has underestimated the improvement in gross margin that Intel should realize over the coming six to eight quarters. Better average selling prices should continue to flow from the shift towards mobile machines, where Intel sees better pricing, and a shift towards higher-priced Pentium M processors within the mobile segment. We also think Intel has been able to price less aggressively in its desktop processor business as AMD has continued to struggle.