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The Duke of URL

06/18/04 3:56 PM

#12076 RE: The Duke of URL #12070

Intel "overweight"

Friday, June 18, 2004 1:28:30 PM ET
Prudential Financial


NEW YORK, June 18 (New Ratings) — Analyst Mark Lipacis of Prudential Financial issues an "overweight" rating on Intel Corporation (INTC.NAS). The target price is set to $33.

In a research note published this morning, the analyst mentions that Intel has launched its 900 series Grantsdale and Alderwood chipsets for consumer and enterprise desktop PC platforms, respectively. The company expects its new chipset technology to serve the desktop PC platforms through the next ten years, Prudential Financial says.