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To: SecularBull who wrote (117431)	4/14/1999 1:18:00 PM
From: stock bull	Respond to of 176387

LoD and All, Intel Buy Rating... Intel Corp (INTC) Apr 14, 1999 9:23 ET RESEARCH ALERT - Intel started as buy NEW YORK, April 14 (Reuters) - Credit Suisse First Boston said analyst Charlie Glavin started coverage of semiconductor maker Intel Corp. Wednesday with a rating of buy. -- In a research note, he set a 12-month price target of $75 on the stock. Glavin set earnings-per-share estimates of $2.32 and $2.64 for 1999 and 2000, respectively. -- After markets closed Tuesday, Intel reported first-quarter earnings a share of $0.57, above Wall Street forecasts of $0.55. The company projected flat to declining second-quarter revenues. -- The company forecast "does not surprise us in light of current PC (personal computer) seasonality/demand trends ... and concerns over European weakness," Glavin wrote. -- "Intel product segmentation and ramp of their 0.18 micron process should enable Intel to price new products aggressively without a degradation in margins. -- "If server business picks up, margins may even expand further." -- Intel shares closed Tuesday at 60-8/16. Stock Bull