Intel Corp (INTC)

[Elmer Phud]

9:12 (Dow Jones) Intel (INTC) and Advanced Micro Devices (AMD) should benefit from improving demand for computers, says Lehman Brothers analyst Daniel Niles. Improving corporate profits should increase business investment in hardware, especially as computer infrastructure continues to age, he said. He estimated 180 million computers are more than 4 years old. Niles upgraded Intel to overweight from equal weight and raised Advanced Micro to equal weight from neutral. In premarket, Intel was up 4.55% to $21.85, while Advanced Micro shares gained 5.56% to $9.50. (AEG)

Can you believe these analysts? Seems to me those computers were more than 4 years old a couple of weeks ago... Why wait until now to upgrade Intel?

EP