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

To: Larry Loeb who wrote (47993)	2/18/1998 10:17:00 AM
From: Jules B. Garfunkel	Read Replies (2) \| Respond to of 186894

Larry, Your, "While Kurlak, in March of '96, was saying that INTC would go into the 40's (pre-split) - it bounced off of 49.50, he was wrong. He issued his buy at around $70 and caught the move up into the $120s (or higher), before reversing himself." If I remember correctly, Tom Kurlak issued a report saying that Intel could go to the low 40s (pre split), in December 1995. INTC at the time was in the low 50s. As you correctly point out, soon after INTC went to $49.50, but that was the lowest Intel got. Six months later in June or July 1996, when INTC was trading around $82 (pre split), Kurlak upgraded his recommendation on INTC to a Buy. He was one of the last sell side analysts to go to a Buy recommendation. As you also state correctly, he was WRONG. He had missed the first 30 points, (60 % pre split), of the move up. Of course he did get the move from $41 (post split) to the 70s, before he once again went neutral over the short term. If my calculations are correct, Kurlak, since his Dec. 1995 call, has missed about 25 of the last 60 points, (post split), gain in INTC. Regards, Jules