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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Sarmad Y. Hermiz who wrote (28660)2/17/2006 8:52:31 AM
From: sixty2nds  Read Replies (1) | Respond to of 95640
 
07:53 INTC Intel tgt cut to $21 at RBC (21.35 )

RBC cuts their INTC tgt to $21 from $29 as they are picking up noticeable inventory build in the foodchain for Intel. They believe the confluence of market share loss to AMD and slowdown in the PC foodchain has caused an inventory buildup among key customers. They also believe March quarter as well as 2006 business trends for the co are significantly lower than current expectations. Firm cuts their estimates for the March quarter and for 2006.