Replies to post #260223 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Stop loss a close under $15, target, who knows, right now, unless news explode, $18, if news explodes it could run very hard.

[marketmaven]

JPM Warns INTC Faces Excess Company Inventory and the Upcoming Semiconductor Downturn - Boolish !!

(INTC) JP Morgan Reit Neutral -21June Our checks in the channel continue to indicate overall PC component demand remains roughly in line with normal seasonal trends. However, our recent checks at Intel indicate the company continues to gain share in flash memory and more recently in microprocessors. As a result, we believe Intel`s 2Q04 revenue is tracking to the high end of its range of $8.0 billion to $8.2 billion (down 1% to up 1% QoQ). As a result, we are raising our 2Q04 revenue estimate to the high end of Intel`s guidance, or $8.2 billion. Our C04 revenue and EPS estimates are raised from $34.6 billion and $1.22 to $34.7 billion and $1.23 but we are maintaining our C05 revenue and EPS estimates of $37.6 billion and $1.31 as we believe there are risks to Intel's margins due to excess company inventory and the upcoming semiconductor downturn