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Friday, 06/10/2005 4:06:03 PM

Friday, June 10, 2005 4:06:03 PM

Post# of 249374
Good Intel News-

http://www.marketwatch.com/news/yhoo/story.asp?source=blq/yhoo&siteid=yhoo&dist=yhoo&gui...

SAN FRANCISCO (MarketWatch) -- Intel Corp., the world's largest chipmaker, lifted its second-quarter financial targets late Thursday because of strong demand for its chips used in laptop computers.

Intel lifts targets on strong demand for laptop chips
U.S. stocks end lower on new inflation concerns
Texas Instruments gains after boosting outlook

In its midquarter update, Intel said sales would be between $9.1 billion and $9.3 billion, compared with its prior forecast of $8.6 billion to $9.2 billion.



Analysts at Piper Jaffray said Friday that a shift to replace desktops with mobile computers, especially in the U.S., Europe and Japan, would work in Intel's favor as it heads into the seasonally stronger second half of 2005. Piper Jaffray reiterated an outperform rating and raised its target price on Intel shares to $32 from $30.
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