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

To: Tony Viola who wrote (61322)7/28/1998 9:12:00 PM
From: Ibexx  Read Replies (5) | Respond to of 186894
 
Tony and thread, **READ AT YOUR OWN RISK**

Ralph Acampora (prudential)'s Technical Outlook as of July 28 (before the Lewinsky meltdown):

"The rotation in groups continues-the technology stocks are reemerging as this market's new leaders. Don't be tricked by the negative breadth-this problem will only effect some of the sectors, not all of them. "

Investment Ideas

Intel Corporation (INTC 86 1/16), is rated a fundamental buy by Prudential Securities Research Department, appears to be breaking out of a recent consolidation in June and suggests the resumption of it's major uptrend. Targets of $96 and then $103 appear achievable. Support on the stock is at $80 1/2 - 81 1/2. Resistance on the stock is at $95 5/8.

Ibexx



To: Tony Viola who wrote (61322)7/29/1998 2:05:00 AM
From: mark weston  Respond to of 186894
 
more mona:

"For a company in semiconductors to have high margins is counterproductive for the whole market. Now they're doing what needed to be done," she said. "They made the tradeoff to give up the biggest profits for reasonable margins in return for stronger unit growth. Gross margins are not going back to 65% but we think they're going to improve. What counts is the bottom line, not margins."

thestreet.com


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