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

To: Tenchusatsu who wrote (180864)	4/20/2005 10:55:02 AM
From: Proud_Infidel	Respond to of 186894

Intel Shares Seen As 'Appropriately Valued' 04.20.05, 10:23 AM ET Wells Fargo Securities reiterated a "hold" rating on Intel (nasdaq: INTC - news - people ), saying shares of the semiconductor company increasingly look "appropriately valued" following first-quarter results. Intel reported earnings per share of 34 cents, exceeding the 31 cents Wells Fargo had estimated. Revenue was $9.43 billion, also beating the research firm's estimate. Wells Fargo raised the 2005 earnings-per-share estimate slightly to $1.33 from $1.32, based on a higher revenue projection for the year of $38.22 billion, up from $37.97 billion. But Wells Fargo said it remains wary of Intel's extensive stock repurchase program. "Over the past year, the company has earned about $1.25 per share, yet tangible book value has only increased by 16 cents," the research firm said. "Dividends account for just a fraction of the difference, as ongoing shareholders have seen their retained earnings paid out to others." Wells Fargo said its somewhat muted growth outlook for Intel's 2006 is due in part to rejuvenated mobile offerings from competitor Advanced Micro Devices (nyse: AMD - news - people ) that could have some effect on one of Intel's strongest product lines.

To: Tenchusatsu who wrote (180864)	4/20/2005 11:47:40 AM
From: AK2004	Read Replies (1) \| Respond to of 186894

Tenchusatsu re: Long-term, however, you and I both know that AMD is on pretty shaky ground Granted that AMD is more uncertain within context of tech sector but overall neither AMD nor Intel are very predictable over long horizon. re: Intel gained a point in market share vs. AMD in 2004 .... Helped by the popularity of its Centrino Considering the presence of AMD in a mobile sector or rather lack of such I was mainly speaking about desktops. AMD is going to gain mobile market share going forward and both of us know that. On a flip side, current absence from mobile leaves AMD very exposed which is not good for AMD. as far as flash, I think that Intel lost a lot of money there but, again, on a flip side AMD is forced to go IPO in very unfavorable for that environment. I do believe that if AMD would manage to unload flash and capture good portion of mobile then that would be a great success for AMD. And, no matter how strange it sounds, that would be great for Intel as well. Intel would still remain a dominant player but the price war would be over. -AK