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To: Lucretius who wrote (300339)	1/12/2005 5:11:27 AM
From: j-at-home	Read Replies (1) \| Respond to of 436258

5:04am 01/12/05 [INTC] INTEL UPPED TO 'OUTPERFORM' AT PIPER JAFFRAY Intel upped to 'outperform' at Piper on gross margin (INTC) By Aude Lagorce LONDON (CBS.MW) -- Piper Jaffray upgraded Intel Corp. (INTC) to "outperform" from "market perform," saying its improved outlook on the stock is driven primarily by "a strong gross margin ramp during 2005 and a higher absolute level during 2006, leading to higher earnings than previously estimated." In addition, the broker said that while some investors may point to the likelihood of processor share losses and a lackluster first quarter guidance for 2005, "longer-term investors are advised to build positions now with the possibility of a 25-percent return over the next year." ------------------------ lol