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

To: billwot who wrote (55560)	5/15/1998 9:29:00 AM
From: Larry Loeb	Respond to of 186894

Here is the DJ report: Dow Jones Newswires -- May 15, 1998 Merrill's Kurlak Sees PC Chip Glut, Prices Falling NEW YORK (Dow Jones)--Merrill Lynch & Co. analyst Thomas Kurlak issued another bearish report on Intel Corp. (INTC), saying that the semiconductor giant now has the ability to make more chips than the market needs. In a research report dated May 15, Kurlak wrote that Intel's increased production ability, combined with new supply from Advanced Micro Devices Inc. (AMD) and National Semiconductor Corp. (NSM), could lead to a supply glut. "Clearly, the slower growing PC market cannnot absorb that level of increase in supply," Kurlak wrote. As a result, Kurlak predicted that either Intel will have to lay off more workers, or a price war similar to the one seen in the memory chip market will ensue. Kurlak maintained his near-term neutral/long term accumulate rating on Intel. His near-term and long-term rating on AMD is neutral, and his rating on National Semiconductor is short-term neutral/long term accumulate. -By Chris Grimes; 201-938-5253 ------------------------------------------ Kulak is taking advantage of the National Semi notice to pile on to Intel. Should create a "buying opportunity." Let's see what Edelstone says in response (if anything). Larry