ntel Corporation (INTC)
I THINK U WILL FIND THE FOLLOWING INTRESTING....
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Merrill Lynch said it lowered its long-term rating on shares of INTEL CORP to
accumulate from buy
while maintaining its near-term neutral rating on the stock. 1Q sales and earnings fell from
the 4Q and
the 1Q of last year, though levels for both were slightly above the company's recently
lowered forecast
and Merrill's estimates, analyst Thomas Kurlak said. Also, Morgan Stanley said it raised
its rating on
shares of Intel to strong buy from outperform and increased 12-month price target to $110
per share
from $100. Additionally, SoundView said it raised its short-term rating on shares of Intel to
buy from
hold while keeping its long-term rating as buy. Analyst Scott Randall increased his fiscal
1998 earnings
estimate to $3.26 per share from $3.20 per share. (Reuters 10:17
Intel Corporation (INTC)
IBM will unveil on Wednesday a broad lineup of business personal computer products, aiming to be
among the first companies to sell systems based on new technologies from INTEL CORP. The new
lineup, most of which will be available for purchase this month, spans a wide range and covers desktop
and handheld computers, servers, monitors, storage devices as well as messaging, system management
and other software. Separately, IBM is expected to announce price reductions on two older models in
its Network Station line of network computers, cutting estimated reseller prices as low as $499.
(Reuters 12:01 AM ET 04/15/98) For the full text story, see full story
Intel Corporation (INTC)
INTEL CORP CFO Andy Bryant said the semiconductor giant moved too fast to add employees and
on capital spending and was taking action to cut back. "We got ahead of ourselves in adding heads and
in cap spending," Bryant told analysts on a conference call. "What we are trying to do is take a breath
and let the business grow back up." Intel plans to reduce its head count over the next six months by
3,000 people, mostly through attrition. Intel said in its news release that capital spending for 1998 will be
$5 billion, less than prior guidance of $5.3 billion. (Reuters 06:49 PM ET 04/14/98) For the full text
story, see full story
Intel Corporation (INTC)
INTEL CORP said that it expects its revenues in the 3Q of 1998 to be higher than those in the 2Q.
"Starting from 3Q, we are expecting volume...to pick up once again," Michael Aymar, Intel vice
president and consumer product group general manager, told a news conference in Tokyo. He said this
would follow a slight dip in revenue volume in the 2Q against the 1Q. Aymar said the company's
shipments of chips would be helped by a recovery in the personal computer industry it expects in the
3Q. He said sluggish earnings results in the 1Q were due to a nearly worldwide weakness in PC
demand, especially in Japan. (Reuters 12:53 AM ET 04/15/98)
Intel Corporation (INTC)
Late yesterday, COMPAQ COMPUTER CORP said it plans to announce several new personal
computers incorporating INTEL CORP's new Celeron microprocessor, a low-priced chip aimed at
inexpensive home systems. Details and pricing for the new systems were not immediately available, but
a spokeswoman for Compaq said the company would announce the systems in conjunction with Intel's
launch of the Celeron product line. Some analysts had speculated that Celeron would not receive
universal support from PC companies, and that some top names in the industry, like Compaq, might not
produce systems build around the chip. (Reuters 06:29 PM ET 04/14/98)
Intel Corporation (INTC)
INTEL CORP said it expected solid demand in Europe for PCs based on new high-speed computer
chips, despite the market's trend toward low-priced machines. The company, which unveiled Pentium II
processors running at 350 and 400 megahertz and a new inexpensive chip for home PCs, said some
segments of the PC market continued to seek more and more performance even as sales of computers
priced under $1,000 boomed. (Reuters 08:47 PM ET 04/14/98) For the full text story, see full story
Intel Corporation (INTC)
INTEL CORP detailed prices for its three new processors at the world-wide unveiling of the new
models in Munich. The company said it would be charging customers $824 for the 400 megahertz
Pentium II processor and $621 for its 350-megahertz processor. Celeron would cost $155, the company
said. Intel said prices for all processors already in its range would be cut by an average of 30%.
(Reuters 04:59 AM ET 04/15/98)
Intel Corporation (INTC)
I THINK U WILL FIND THE FOLLOWING INTRESTING....
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Merrill Lynch said it lowered its long-term rating on shares of INTEL CORP to accumulate from buy
while maintaining its near-term neutral rating on the stock. 1Q sales and earnings fell from the 4Q and
the 1Q of last year, though levels for both were slightly above the company's recently lowered forecast
and Merrill's estimates, analyst Thomas Kurlak said. Also, Morgan Stanley said it raised its rating on
shares of Intel to strong buy from outperform and increased 12-month price target to $110 per share
from $100. Additionally, SoundView said it raised its short-term rating on shares of Intel to buy from
hold while keeping its long-term rating as buy. Analyst Scott Randall increased his fiscal 1998 earnings
estimate to $3.26 per share from $3.20 per share. (Reuters 10:17 AM ET 04/15/98) For the full Merrill
story, see full story
Intel Corporation (INTC)
Intel Ireland, the Irish arm of INTEL CORP, said it will open a new microchip plant as planned in May
and would be a hirer, not a firer of staff in 1998/9. Intel Ireland media relations manager Liam Cahill
was responding to the surprise news that parent Intel Corp had plans to cut 3,000 jobs world-wide after
reporting a 36% drop in 1Q earnings. Intel has invested a total of 1.7 billion Irish pounds ($2.4 billion) in
its Irish facilities, the biggest private capital investment in the history of a state heavily dependent on
multinational investment. (Reuters 05:58 AM ET 04/15/98) For the full text story, see full story
Intel Corporation (INTC)
Merrill Lynch semiconductor analyst Thomas Kurlak told clients shares of INTEL CORP could fall to
$60, according to business cable television station CNBC. Kurlak, a prominent Wall Street analyst, was
not immediately available to comment on the report. (Reuters 04:15 PM ET 04/15/98) For the full text
story, see full story
Microsoft Corporation (MSFT)
The Japanese unit of MICROSOFT said it aims to release the Japanese version of the Windows 98
operating system about one month after the launch of the original version slated for June 25. Microsoft
said late Tuesday the Windows 98 operating system upgrade will be released on June 25 in retail outlets
for sale at a suggested price of $109. " (Reuters 11:29 PM ET 04/14/98) For the full text story, see full
story
Dow Jones 30 Industrials (.INDU)
MARKET NEWS: The Dow notched up its second straight record close above 9100 points on
Wednesday as worries over Asia's impact on earnings eased. Investors looked around for less pricey
stocks. As technology and cyclical stocks rose, investors took profits in defensive stocks such as drugs,
and Coca-Cola Co. Dow closed up 52 points at 9162, its second straight record close above 9100. The
S&P500 index ended up four points at 1119. On the NYSE, advancing issues edged ahead of decliners
on volume of 681 million, the heaviest in three weeks. The technology-laden Nasdaq ended up 20 points
at 1863, a record. The 30-year Treasury bond was up 9/32 to yield 5.88%. The dollar was mixed at
129.85 yen and 1.8003 marks. For the full text story, see full story
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