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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (5377)	4/12/1999 11:41:00 AM
From: kathyh	Read Replies (3) \| Respond to of 12872

Article on Intel downgrade, mentions AMD as well... cbs.marketwatch.com By Janet Haney, CBS MarketWatch Last Update: 11:18 AM ET Apr 12, 1999 Movers & Shakers Hardware Report SANTA CLARA, Calif. (CBS.MW) -- Intel stock tripped 4.7 percent Monday morning as BancBoston Robertson Stephens downgraded the semiconductor giant from a "strong buy" to a "long-term attractive," one day before the company is expected to report its first-quarter earnings. Today on CBS MarketWatch U.S. stocks in tech tumble Compaq plunges after profit warning Europe falls on weak U.S. outlook Xoom.com shares surge NoveauGeek says not all Web communities are created equal More top stories... CBS MarketWatch Columns Updated: 4/12/99 10:30:08 AM ET Analysts Dan Niles, Alex Mou and Arnab Chanda said they believe a move to sub $500/free PCs in the consumer market by the end of the year, as well as the penetration of Celeron chips in the corporate market, will make ASP (average selling prices) trends harder in the near-term. In addition, BancBoston Robertson Stephens said as rival chip makers Advance Micro Devices (AMD) and Cyrix, a subsidiary of National Semiconductor (NSM), become more "desperate," market share gains may be more difficult for Intel in the future. Intel shares dropped 3 7/32 to 62 1/4 in morning trading, reflecting the 2-for-1 stock split announced Jan. 28. The analysts anticipate the Santa Clara, Calif.-based Intel (INTC) to report first-quarter results in line with estimates, with potential for flat or slightly lower revenue in the second quarter. The First Call consensus estimate expects Intel to earn 55 cents a share in the first quarter. Likewise, BancBoston Robertson Stephens expects Intel to be in "good shape" in the fourth quarter. Advance Micro shares fell 5/16 to 15 5/16, while National Semiconductor rose 5/8, or 6.8 percent, to 9 13/16.