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


To: sixty2nds who wrote (28844)2/24/2006 9:11:26 AM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 95632
 
So how does this work exactly ? Customer calls in saying: "I need to cover 5 million shares of Intel. If I just start buying, I think the price will get higher. However, if you downgrade it, and keep the price down, I'll do the buy through your brokerage, and you'll get a commission based on the average price."

I mean these brokers are not charitable or public service announcers, are they ?



To: sixty2nds who wrote (28844)2/24/2006 10:13:52 AM
From: Donald Wennerstrom  Respond to of 95632
 
This is another report on the INTC downgrade.

<< UPDATE 1-RESEARCH ALERT-Friedman cuts Intel to market perform

February 24, 2006 08:38:41 (ET)

(Recasts, changes source, adds details)

Feb 24 (Reuters) - Friedman Billings Ramsey on Friday downgraded Intel Corp. (INTC,Trade) and pared its earnings estimates on indications of further order cancellations in the first quarter.

Cutting the stock to "market perform" from "outperform" and its first-quarter GAAP earnings view by 2 cents a share, the brokerage said Intel could miss the midpoint of its own forecast.

Friedman now expects first-quarter GAAP earnings at 23 cents a share, and slashed its price target on the microchip maker's stock to $23 from $31.

On the cancellations, Friedman said they could be stemming from weaker demand in the EMEA region and due to continued share gains by rival Advanced Micro Devices Inc. (AMD,Trade), leading to elevated inventory levels of Intel components at its customers. (Reporting by Neha Singh and Deepti Chaudhary in Bangalore)>>