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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic -- Ignore unavailable to you. Want to Upgrade?

To: Yaacov who wrote (20136)	7/13/1998 1:20:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 27012

Yaacov, all, here's more detail on the Piper Jaffray (Ashok Kumar) raising of INTC 2Q earnings estimate and target price. Ciao, Tony Monday July 13, 10:34 am Eastern Time RESEARCH ALERT - Intel Q2 surprise seen NEW YORK, July 13 (Reuters) - Piper Jaffray said Monday that analyst Ashok Kumar raised his second quarter earnings estimate for Intel Corp. to a level above Wall Street's consensus, a day before Intel was scheduled to report results. -- Raised estimate to $0.70 a share from $0.62. Increase took Kumar's estimate above First Call's consensus estimate of $0.68 a share. -- In a note, Kumar cited expectations of strong June sales, fueled by price reductions and special pricing deals, for his expectation Intel would top consensus estimates. -- Also raised target price to $95 a share from $85, adding, ''The June quarter upside surprise represents a (short-term) trading opportunity to $85.'' -- Intel is expected to report second quarter earnings after Tuesday's close. Shares of Intel rose 1-5/16 to 81-1/16.