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

To: Sarmad Y. Hermiz who wrote (183673)	3/6/2006 8:17:42 AM
From: matt dillabough	Read Replies (2) \| Respond to of 186894

INTC Intel tgt cut details (20.32 ) As mentioned at 7:26, HSBC cut their INTC tgt to $20 from $26.50 and comments on AMD and INTC expectations. Firm estimates that the mid-point of Intel's lowered revenue guidance embeds about 3 mln lower unit shipments and they doubt if AMD has expanded capacity by 3 mln units this quarter, leading them to believe in some slowdown in demand. They say Street expectations for AMD appear to assume an A.S.P. improvement of 8-10% which they think might be difficult in a price competition environment, even with an improved mix. They say slower end market growth, value product demand from emerging markets, increasing price competition and higher supply shape their negative view on the segment.